Reply to: The Bull Market has arrived

[SantaClaus]

http://www.bloomberg.com/apps/news?p...d=aZ3pNZbgcQpY

So let us now ponder and reflect again, as to whether this is a sucker's rally or the mother of all bull markets.

Looking at the Dow Jones daily chart, all it has done is move up to retest the down-trendline. We're now nicely back below it We havent made a new high, so I cant see what the fuss is about.

Nice divergence too, which means it was probably a false move.

And for every good news story, there is a bad one too:

Escape from recession on knife-edge as industrial output plummets

[BrilloPad]

http://www.bloomberg.com/apps/news?p...d=aZ3pNZbgcQpY

So let us now ponder and reflect again, as to whether this is a sucker's rally or the mother of all bull markets.

I think you should ask again at the end of October.

[BlasterBates]

Sustainable economic growth and low interest rates worldwide will spur a “multi-year” bull market in equities, led by developing nations, Fidelity International’s Anthony Bolton said in an interview on Bloomberg Television in Hong Kong.

http://www.bloomberg.com/apps/news?p...d=aZ3pNZbgcQpY

So let us now ponder and reflect again, as to whether this is a sucker's rally or the mother of all bull markets.

[BrilloPad]

Have you read Galbraith's book about the Great Depression?

http://en.wikipedia.org/wiki/The_Great_Crash,_1929

What bit are you referring to particularly?

[Cyberman]

I fear a lot of those rampaging bulls will get their knackers caught on rusy barbed wire

I KNOW they will !!

[PM-Junkie]

I dont think the BoE was negative. I think they said "we dont have a clue. your guess is as good as ours".

...as is the case with certain Walter Mitty characters on this forum.

[BrilloPad]

Starting to look more like a suckers rally today after BoE negative statement.

I dont think the BoE was negative. I think they said "we dont have a clue. your guess is as good as ours".

[Green Mango]

Starting to look more like a suckers rally today after BoE negative statement.

[SantaClaus]

Well you know the phrase.

Here today, gone tomorrow

[Lambros]

I actually went all for barclays when was 30% from bottom on the way down...but continued piling on it until the u turn .If you have bought barclays 50p in january now at around 247p you will have made 5 times your money.
I actually sold half few days ago at 285p and hoping to pile back under £2 ...
I also fancy having a punt on the Royal bank of scotland RBS which went from 10p to 50p and has come down to 38p.
But for those who want to play safe buy Glaxo below 1030p with over 6% yield expect a good safe return... Another one is BT at under 90p
buy after friday after news are out.

[Fred Bloggs]

Sounds like a load of bull to me !!

Suit yourself CM. It's a free country.

[Cyberman]

Sounds like a load of bull to me !!

[Fred Bloggs]

My SIPPS and ISAs that I have been dribbling money into every month all the way down are now showing a loss of about 10% on the sums invested. Not bad really when you think I've stayed fully invested all the way through. Within the next few weeks I should be breaking even then hopefully over the next 2 to 3 years I'll make a nice profit. Short term capital fluctuation don't really bother me since I'm investing mainly for income with capital appreciation as the icing on the cake when it arrives. I think we're well placed now and I'm still dribbling in my £1000 a month from here onwards. Last months £1000 is now worth £1300 already, nice that, makes a welcome change to see.

[BolshieBastard]

My gut-feeling is that the deluge of corporate bad news that we have heard over the past nine months seems to be slowing up and I think that the banks and finance firms are now at the lowest point that they are going to get.

Correct. Bank of America shares which have been as low as $3.4 are now bobbling around the £12 mark.

There's still a long way to go but very slowly things are picking up.

[sweetandsour]

My gut-feeling is that the deluge of corporate bad news that we have heard over the past nine months seems to be slowing up and I think that the banks and finance firms are now at the lowest point that they are going to get.

I do think that we have yet to see the worst trickle through to the wider economy though and I am not sure how consumer spending is going to hold up with unemployment increasing and people not being able to spend the increase in their house's value like they were.

Having said that, I only know one person outside the London finance world that has been made redundant and he found a new job in less than one month, so hopefully things will not get any worse.

My SIPPS overall have now recouped all the losses that were made since last October. Some areas have done better than others though.