cynic
- 20 Oct 2007 12:12
rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.
for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ
for ease of reading, i have attached 1 year and 3 month charts in each instance
cynic
- 10 Mar 2016 08:31
- 20353 of 21973
the following is an indicator of the gloom in the oil industry .....
The upstream industry's biggest tradeshow is less than two months away, and OTC 2016 chatter is picking up in Houston. With the downturn deepening in its second year, the complexion of OTC is changing. For the first time in many years, there is still exhibit space available indoors at the NRG Arena this close to the event.
During the boom, I recall being told "good luck if you haven't booked your hotel room for the May conference by early-February." This week, we checked availability at 15 of the Houston hotels recommended by OTC organizers. Although room rates still surge an average of 80% the week of OTC, only 1 of the 15 hotels we called was sold-out during show-week. Several hotels had 30-50% of their rooms still unbooked for OTC week.
Most of these hotels were completely booked for last year's event, when hopes of a V-shaped recovery still lingered at showtime. Even so, 2015 OTC attendance still fell 13%. This year, our channel checks suggest OTC attendance will likely decline a further 20%+.
Stan
- 10 Mar 2016 08:47
- 20354 of 21973
HARRYCAT
- 10 Mar 2016 09:54
- 20355 of 21973
Three hours to the ECB statement. Hopefully that will get things going again.....one way or the other. Rate cut expected.
HARRYCAT
- 10 Mar 2016 14:08
- 20356 of 21973
The European Central Bank cut interest rates and expanded its asset-purchase program to €80 billion ($88 billion) a month in a bid to boost inflation and reinvigorate a stuttering eurozone economy.
The central bank cut its deposit rate to minus 0.4% and its main interest rate to zero.
cynic
- 10 Mar 2016 14:10
- 20357 of 21973
the markets initially greeted the news with some glee, but look to be having 2nd thoughts
meanwhile, cash DOW is still +100 but i wonder how that market will recewive the news when it opens
Stan
- 10 Mar 2016 14:39
- 20358 of 21973
What's Queenykins got to say on the subject?
Stan
- 10 Mar 2016 15:04
- 20359 of 21973
.. Well?
cynic
- 10 Mar 2016 15:08
- 20360 of 21973
there's a surprise ..... markets are all over the place
dreamcatcher
- 10 Mar 2016 15:10
- 20361 of 21973
Very nervous markets.
2517GEORGE
- 10 Mar 2016 15:19
- 20362 of 21973
These emergency measures have been in place since 2009 (USA &UK) now MD is ramping up the euro version, together with low or negative interest rates the central _ankers are creating huge bubbles which at some point will pop, no prizes for guessing who will pick up the tab.
2517
Stan
- 10 Mar 2016 15:20
- 20363 of 21973
Well don't look at me.
2517GEORGE
- 10 Mar 2016 15:25
- 20364 of 21973
Sorry Stan but you WILL be included, nice to share ain't it.
2517
cynic
- 10 Mar 2016 15:29
- 20365 of 21973
as they say, a problem shared is a problem doubled
Stan
- 10 Mar 2016 15:29
- 20366 of 21973
Nop! I've given enough it's all yours.
Stan
- 10 Mar 2016 15:31
- 20367 of 21973
Ah Alf, a very generous person.. he can pay my wack.
Stan
- 10 Mar 2016 15:37
- 20368 of 21973
Gold's up.
2517GEORGE
- 10 Mar 2016 15:48
- 20369 of 21973
By having low or negative interest rates the central bankers reason that people will spend money, however the opposite is happening, just look at Japan. What the CB's are really engineering is a depression.
With that in mind we are told if we LEAVE the EU inflation will return to the UK, bring it on I say.
2517
cynic
- 10 Mar 2016 15:49
- 20370 of 21973
and that tells you quite a bit
the markets reflection will be what has been known (or at least i have been saying) for ages, that eurozone economies are shot to pieces and the chinese gdp numbers are lies ...... though their steel and similar factories may still be churning at almost full pelt, no one wants the end-product so its just dumped
ahoj
- 10 Mar 2016 15:54
- 20371 of 21973
Market don't like Draghi. So no surprise they fluctuate.
Why Euro is up then?
jimmy b
- 10 Mar 2016 15:54
- 20372 of 21973
I think the DOW'S on a , you dare trade me and i'll do the unexpected .