Page 1 of 2
About time too, two!
Posted: February 3rd, 2023, 5:40 pm
by monabri
https://www.telegraph.co.uk/business/20 ... kes-apple/"The group of Britain's top 100 largest listed companies has closed at a record 7,901.80 after rising by 1.04pc today, having broken its intraday all-time high to reach 7,905.52. The previous record high was 7,903.50, set on May 22, 2018. "
Set against a possible recession and a war in Europe and Brexit (lack of) progress..I'm surprised.
Re: About time too, two!
Posted: February 3rd, 2023, 5:46 pm
by Tedx
Business always finds a way I guess.
People are moaning that Sunak isn't a commanding Prime Minister with ideas. Maybe all he has to do is to keep quiet and quietly set the conditions and give people the confidence to find their own way forward.
I mean Boris was on the tv every 5 minutes proclaiming this and announcing that. No one knew what the hell was going on half the time
Re: About time too, two!
Posted: February 3rd, 2023, 7:48 pm
by Tedx
Maybe, but theres zero evidence Labour will be any better.
Re: About time too, two!
Posted: February 3rd, 2023, 8:53 pm
by MrFoolish
Across the pond, really strong job numbers have just been reported in the US.
I'm not entirely surprised. Surely a lot of those who stopped working during the pandemic are finding their money isn't going far enough in this inflationary environment.
Re: About time too, two!
Posted: February 4th, 2023, 9:23 am
by swill453
The FTSE 100 is priced in GBP of course, and the pound has quietly slipped down nearly 4 cents in recent days.
Scott.
Re: About time too, two!
Posted: February 4th, 2023, 9:25 am
by Dod101
monabri wrote:https://www.telegraph.co.uk/business/2023/02/03/ftse-100-markets-live-news-inflation-strikes-apple/
"The group of Britain's top 100 largest listed companies has closed at a record 7,901.80 after rising by 1.04pc today, having broken its intraday all-time high to reach 7,905.52. The previous record high was 7,903.50, set on May 22, 2018. "
Set against a possible recession and a war in Europe and Brexit (lack of) progress..I'm surprised.
The FTSE100 may be at an all time high but my portfolio is not there yet. The financials are lagging. Still, things are looking up.
Dod
Re: About time too, two!
Posted: February 4th, 2023, 9:55 am
by ursaminortaur
Tedx wrote:Maybe, but theres zero evidence Labour will be any better.
Really ? I can't see how Starmer could be worse and at the very least Labour would be able to negotiate with the EU without being hamstrung by the ERG.
Re: About time too, two!
Posted: February 4th, 2023, 10:11 am
by Mike4
ursaminortaur wrote:Tedx wrote:Maybe, but theres zero evidence Labour will be any better.
Really ? I can't see how Starmer could be worse and at the very least Labour would be able to negotiate with the EU without being hamstrung by the ERG.
Really? Will he not cave in to the unions within 10 milliseconds of getting elected? Pay rises for everyone then more again as inflation gets entrenched? Is that not the Labour Way?
I agree with your point about him not being hamstrung by the ERG though.
Re: About time too, two!
Posted: February 4th, 2023, 10:30 am
by doolally
Mike4 wrote:ursaminortaur wrote:Tedx wrote:Maybe, but theres zero evidence Labour will be any better.
Really ? I can't see how Starmer could be worse and at the very least Labour would be able to negotiate with the EU without being hamstrung by the ERG.
Really? Will he not cave in to the unions within 10 milliseconds of getting elected? Pay rises for everyone then more again as inflation gets entrenched? Is that not the Labour Way?
.
Hmmm... guilty until proved innocent?
Today's tory party is totally different to that of the 80's, but today's labour must be the same as 70's labour?
doolally
Re: About time too, two!
Posted: February 4th, 2023, 10:33 am
by ursaminortaur
Mike4 wrote:ursaminortaur wrote:Tedx wrote:Maybe, but theres zero evidence Labour will be any better.
Really ? I can't see how Starmer could be worse and at the very least Labour would be able to negotiate with the EU without being hamstrung by the ERG.
Really? Will he not cave in to the unions within 10 milliseconds of getting elected? Pay rises for everyone then more again as inflation gets entrenched? Is that not the Labour Way?
I agree with your point about him not being hamstrung by the ERG though.
Starmer would get involved in the negotiations and hopefully agree a reasonable settlement rather than trying to pretend the dispute is just between the employees and their direct employer - there is scope for compromise. Embedding further inflation is a concern but continued industrial action and days lost to strikes are also a problem for the economy ( and no, threatening to curtail the right to strike doesn't help).
Re: About time too, two!
Posted: February 4th, 2023, 10:59 am
by OhNoNotimAgain
Dod101 wrote:monabri wrote:https://www.telegraph.co.uk/business/2023/02/03/ftse-100-markets-live-news-inflation-strikes-apple/
"The group of Britain's top 100 largest listed companies has closed at a record 7,901.80 after rising by 1.04pc today, having broken its intraday all-time high to reach 7,905.52. The previous record high was 7,903.50, set on May 22, 2018. "
Set against a possible recession and a war in Europe and Brexit (lack of) progress..I'm surprised.
The FTSE100 may be at an all time high but my portfolio is not there yet. The financials are lagging. Still, things are looking up.
Dod
Alpha jockeys always say they are just about to catch up with the market.
Re: About time too, two!
Posted: February 4th, 2023, 11:16 am
by Dod101
1nvest wrote:Tedx wrote:Business always finds a way I guess.
People are moaning that Sunak isn't a commanding Prime Minister with ideas. Maybe all he has to do is to keep quiet and quietly set the conditions and give people the confidence to find their own way forward.
I mean Boris was on the tv every 5 minutes proclaiming this and announcing that. No one knew what the hell was going on half the time
Boris was a clown.
Sunak is a fool.
The Tories are seen as a joke, but not a funny one given how much they've cost the UK.
Parliament comedy channel script ... let's have them take 7 months to vote for a new leader, and then have the new PM ejected within weeks. Covid ... let's spend billions to pay some £2500/month to stay at home, but not 3 million self employed, and have the NHS export Covid into care homes and kill off over 100,000 of those in care, along with not bothering to provide any PPE to the social care workers. Oh and have Sunak having a pre-prepared vote for me as PM campaign and web site ready seven months before BJ resigned (having been back stabbed by Sunak) - that should get the audience booing and hissing if nothing else.
Did wonders for the polls
https://uk.news.yahoo.com/poll-reveals- ... 26716.htmlA poll on Friday put Labour at 53% compared to the Tories' 14% - five points down on 12 October
'O wad some power the giftie gie us to see oorsleves as ithers see us'
Quote from Robert Burns
Dod
Re: About time too, two!
Posted: February 4th, 2023, 11:17 am
by Dod101
OhNoNotimAgain wrote:Dod101 wrote:monabri wrote:https://www.telegraph.co.uk/business/2023/02/03/ftse-100-markets-live-news-inflation-strikes-apple/
"The group of Britain's top 100 largest listed companies has closed at a record 7,901.80 after rising by 1.04pc today, having broken its intraday all-time high to reach 7,905.52. The previous record high was 7,903.50, set on May 22, 2018. "
Set against a possible recession and a war in Europe and Brexit (lack of) progress..I'm surprised.
The FTSE100 may be at an all time high but my portfolio is not there yet. The financials are lagging. Still, things are looking up.
Dod
Alpha jockeys always say they are just about to catch up with the market.
I should have added that I am not invested solely in the FTSE100, but thank you so much for your comment.
Dod
Re: About time too, two!
Posted: February 4th, 2023, 11:45 am
by 1nvest
Dod101 wrote:'O wad some power the giftie gie us to see oorsleves as ithers see us'
Quote from Robert Burns
"What airs in dress an' gait wad lea'e us"
How is the trans issue progressing with the sweaty socks in skirts?
Re: About time too, two!
Posted: February 4th, 2023, 2:48 pm
by Lootman
ursaminortaur wrote:Starmer would get involved in the negotiations and hopefully agree a reasonable settlement rather than trying to pretend the dispute is just between the employees and their direct employer - there is scope for compromise. Embedding further inflation is a concern but continued industrial action and days lost to strikes are also a problem for the economy ( and no, threatening to curtail the right to strike doesn't help).
The danger to the stock market is that Starmer capitulates to his paymasters - the unions. That and the nationalisation, tax and regulatory risks.
I am not tempted to return to the UK market. There is nothing special about UK shares that cannot be found overseas at less political risk.
Re: About time too, two!
Posted: February 5th, 2023, 1:26 am
by Mike4
Lootman wrote:
I am not tempted to return to the UK market. There is nothing special about UK shares that cannot be found overseas at less political risk.
Does one not replace political risk with currency risk when looking for investments overseas?
Re: About time too, two!
Posted: February 5th, 2023, 3:48 am
by servodude
Mike4 wrote:Lootman wrote:
I am not tempted to return to the UK market. There is nothing special about UK shares that cannot be found overseas at less political risk.
Does one not replace political risk with currency risk when looking for investments overseas?
Where was the pound trading agin the USD the last time the FTSE peaked?
Re: About time too, two!
Posted: February 5th, 2023, 1:41 pm
by Lootman
Mike4 wrote:Lootman wrote:I am not tempted to return to the UK market. There is nothing special about UK shares that cannot be found overseas at less political risk.
Does one not replace political risk with currency risk when looking for investments overseas?
If I were investing overseas in bonds or property then I would consider FX risk. But not with shares as they often do well when the base currency declines.
Betting against sterling has not been a bad strategy in the last 100 years either way.
Re: About time too, two!
Posted: February 5th, 2023, 3:24 pm
by funduffer
servodude wrote:Mike4 wrote:Lootman wrote:
I am not tempted to return to the UK market. There is nothing special about UK shares that cannot be found overseas at less political risk.
Does one not replace political risk with currency risk when looking for investments overseas?
Where was the pound trading agin the USD the last time the FTSE peaked?
Roughly:
22/5/2018 £/$ = 1.35
03/2/2023 £/$ = 1.205
So you are right, FTSE 100 is not really at a new all time high in $ terms, never mind allowing for inflation.
FD
Re: About time too, two!
Posted: February 8th, 2023, 7:19 pm
by vand
People are of course free to invest their money where they think the grass is greenest or the politics most to their liking, but if they are making the argument that UK companies suffer due to the leadership of the country then they need to explain why the mid index - which is far more exposed to its own domestic market - doesn't exhibit any of the underperformance that they are so keen to avoid.