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FTSE / DOW YTD

More so than ever Fred!

Cash is king.

Yes - just ask my wife 🙄!

I'm not sure what to make of the January rally so far. I see it kicked off with the assumption that the Fed would not raise interest rates as fast as expected and then continued when the Fed confirmed this.

This seems to be a big move in the markets. Easing trade tension with Trump has also helped.

I'm not sure the economic statistics back up the change in sentiment on interest rates so I'm worried this rally will run for a month and then we return to pessimism.

There are definitely real buyers out there though and the sellers propensity to sell has slowed down dramatically.

I can see the markets were oversold, but is the start of a permanent turn or just a dead cat bounce or perhaps it is time to consolidate a bit lower than were we are now before the move up?

I'm not sure. It's all too easy. On the other hand UK consumer seems to be doing fine. Less spending on cars but more on leisure

I read some article on Reuters that after the flash crash on the yen carry trade, sterling was a safe haven. Perhaps we are seeing a change in sentiment towards the UK. If Sterling is a safe haven though, the rest of the world is completely f***ed.

I'm 99% invested and happy to start selling down if the rally has legs. I haven't got much I really want to sell though at current prices. The market is going to have to move another 10% up to get me interested in selling. That's probably because most of my entries are poor. How did I think AV. was a bargain at 445? or LLOY at 65. I have several more in this category.


As an aside I'd made more money by Jan 7th this year than the whole of last year, which probably tells you more about how bad last year was. I really don't have a scooby where we are going next. I am feeling optimistic

I though I'd posted these earlier!

U.S.-China trade talks conclude as hopes of a deal build

As Brexit debate begins, PM fails to win over Northern Irish kingmakers

CC,

Check the FTSE market volumes supporting the up.

If I am reading them correctly they seem a little light over the last 3-4days!

CC.

I held Carter, CLLN and IRV and AV. (The latter yield and promises may provide rewards.)

I know your feelings.

Thinking of having a dummy in the bedroom and to stick pins in morning and evening to remind me.

Bank of England's Carney sees China's yuan as possible reserve currency

Good morning!

Good Morning.

The Papers

Morning all.

Good morning. Looking forward to another blue day.

Fred.

Sorry to hear about your 4 shares. If it helps I think AV. will be ok, or at worst the downside is fairly limited.

Have you sold IRV? It's going to 1p imho. I have no idea why it is 11p right now. It might even go to zero. It's going to run out of money soon and I doubt anyone will put in any more as the construction liabilities seem too large.

CC,

Thank you.

Thank the lord, the losses are small compared to total holdings, but still annoying, but may rein in my greed.

I will probably continue my hold of IRV as a warning to myself.

We are probably in for a rocky time for quite a while.

Have a look at TW. yields and possibilities over next few years.

Thanks for the tip on TW. I can't take any more construction or construction related stocks. 66% of my portfolio is on construction and I'd rather like to reduce it. It's not happening though as they keep going up whilst the rest of my portfolio mostly goes down.

I'll post some stuff on the IRV thread later so not as to clutter this one

Copy.

CC.

Looked at CTO.

I have put in on my watch list.

At the moment trying to keep my hands out of my pockets and dividends.

Also, the spread is about 2% and although it has cash in hand and projections seem good as well as the charts suggest to me, an up movement, I am still hesitant.

My holdings seem tilted similarly to yours, with a smattering of shares outside "Builders" and similar.

Also, I hold Ibst and Accsys. (Interesting company.)

CC.
If you don't hold it already, cast your eyes over AHT.

I think it may be rebounding from recent ~ 25% drop, but served me well since 21/10/2013

Poor yield, but good projections and also mainly operating in USA.

Good Morning.

The Papers

Good morning!

Morning all.