Looks very promising for the Brexit Recovery?

Rapscallion said:
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Shares slide as Brexit fears take hold

Global stock markets have fallen and the pound has hit a fresh 31-year low as worries over the UK's vote to leave the EU continue to rattle markets.

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got asked this by the wife last night, and I seriously don't know..

"Obviously, yuo can walk into a stock brokers, do it online, by phone whatever and buy £x of y company shares, and ignore their advice should you be foolish enough to do so... But can yuo buy say £5x of FTSE 100" I assume no
 
Lynton said:
got asked this by the wife last night, and I seriously don't know..

"Obviously, yuo can walk into a stock brokers, do it online, by phone whatever and buy £x of y company shares, and ignore their advice should you be foolish enough to do so... But can yuo buy say £5x of FTSE 100" I assume no
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I know nothing about stock trading but as far as I know the answer is no. The FTSE100 is just an indicator of the performance of 100 companies as a whole.

If you sell 10x widget A and 20 X widget B your total sales (FTSE100) is 30
 
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ecoleman said:
I told you I know nothing about stock trading :)
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Well you know more than you think :) Technically speaking you were correct, you can't buy shares in the FTSE :thumbs: But they'll come up with loads of different ways to extract your money :)
 
yep .. thanks last 4 posts (and others) .. cannot link them in here for some reaon (problem exists between chair and keyboard)
 
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Now thats one step too far, no-one warned me chocolate would go up with brexit :(

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jakeblu said:
Now thats one step too far, no-one warned me chocolate would go up with brexit :(

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Don't worry, those candy bars pictured have got hardly any cocao in them anyway. If I am not mistaken they have so little that you can't even refer to them as chocolates :)
 
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viv1969 said:
Kent?
Born?
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Not strictly as I was born in a London Hospital, but that's where I lived and went to school etc apart from when the bombs forced absence. I'm glad you got the reference since it has been hijacked lately, though in a good cause.
 
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Lynton said:
But can yuo buy say £5x of FTSE 100" I assume no
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You can buy and sell the FT100 index or pretty much any other index such as the FT250, S&P500, the Dow Jones Index, or commodities, or whole sectors (eg healthcare, energy, etc.) cheaply and easily as Exchange Traded Funds. Buy online from any of the main brokers as easily as buying an individual company share. Can cost as little as £1.50 per trade. A very useful way of buying a small diversified portfolio very efficiently.

With hindsight, troubled times such as these have often represented good buying opportunities, although it can take a certain amount of nerves to be a contrarian investor! (Not to be taken as financial advice by the way, but just saying ...).
 
DeadpanDodo said:
With hindsight, troubled times such as these have often represented good buying opportunities
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Yep, there are some good opportunities atm & plenty of traders/speculators who are smart enough to make a pretty penny or two.
 
Its the indecisiveness and lack of prompt action by those in charge as well as all the doom mongering by the pro remain politician's before and after the vote that have led to the instability in the markets more than anything.

Also the fact that Cameron and his government where so convinced the vote would go their way that they did very little to prepare for an out vote, so nothing was ready, then of course he resigned adding further instability when he promised he would stay and oversee our exit and Carney has done this country no favours at all by siding politically with Osbourne and preaching doom and gloom.

We need a fast, positive exit, activate article 50 ASAP and start the withdrawal process, we are already negotiating several trade deals with major countries, so lets get the details of those ironed out and then sort out the new requests for trade deals.
It needs a positive attitude and positive actions, the market likes to see decisive actions, they reduce instability.
 
boyfalldown said:
It's a bit early to tell, but the analysts think that the £ has a lot further to slide

http://www.independent.co.uk/news/b...s-forecast-brexit-eu-referendum-a7122541.html
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I know I'm a bit late replying to this - I've been away - but I think it's still worth it because there's an interesting point here. Statements like this are never true.

Say the pound is currently worth $1.30 ($1=£0.7692) and I think it's going to slip to $1.20 ($1=£0.8333) next month. What I'd do is buy a load of dollars from you now, at $1=£0.7692 each, and sell them back to you sell you next month at $1=0.8333. I'd make a profit of 8.33% and you'd make a corresponding loss. But if you thought the pound was going to slip to $1.20 next month, you wouldn't make the trade. You'd expect me to sell them back to you at £1.20 next month, so the only price you'd sell them to me now is £1.20. And if all analysts and traders agreed that the price next month would be $1.20, then the only price they'd trade at now is $1.20, so the future price becomes today's price.

What the story says is that some analysts think the pound could fall further. But clearly some analysts think it won't. In fact, by definition, on average analysts think the pound is in the right place, because that's where people are willing to trade. So it's totally a non story, but I guess journalists have space to fill.
 
StewartR said:
I know I'm a bit late replying to this - I've been away - but I think it's still worth it because there's an interesting point here. Statements like this are never true.

Say the pound is currently worth $1.30 ($1=£0.7692) and I think it's going to slip to $1.20 ($1=£0.8333) next month. What I'd do is buy a load of dollars from you now, at $1=£0.7692 each, and sell them back to you sell you next month at $1=0.8333. I'd make a profit of 8.33% and you'd make a corresponding loss. But if you thought the pound was going to slip to $1.20 next month, you wouldn't make the trade. You'd expect me to sell them back to you at £1.20 next month, so the only price you'd sell them to me now is £1.20. And if all analysts and traders agreed that the price next month would be $1.20, then the only price they'd trade at now is $1.20, so the future price becomes today's price.

What the story says is that some analysts think the pound could fall further. But clearly some analysts think it won't. In fact, by definition, on average analysts think the pound is in the right place, because that's where people are willing to trade. So it's totally a non story, but I guess journalists have space to fill.
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Which is very simplistic as you possibly know Stuart.Any trader (of pretty much anything, including currency) is going to be building in a nice little hedge to protect themselves and (most of) their cash if they're wrong. It also prevents the scenario you've described happening which would simply gum up the markets

So your insistence that "Statements like this are never true." Is in itself not true. You also have a funny way of looking at averages
 
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dejongj said:
Don't worry, those candy bars pictured have got hardly any cocao in them anyway. If I am not mistaken they have so little that you can't even refer to them as chocolates :)
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More like 'Vegelate'.... Nothing with the Cadburys label is edible IMO.

Lindt 70% + Cocoa is a minimum.
 
boyfalldown said:
Which is very simplistic as you possibly know Stuart. Any trader (of pretty much anything, including currency) is going to be building in a nice little hedge to protect themselves and (most of) their cash if they're wrong. It also prevents the scenario you've described happening which would simply gum up the markets

So your insistence that "Statements like this are never true." Is in itself not true. You also have a funny way of looking at averages
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I think what Stuart is alluding to is the "Efficient Markets Hypothesis". This hypothesis has continued to gain traction since the 1980's and works on the theory that the price of any commodity, company, or currency reflects all known information about the market for it. It is "market economics" in it's purist form. It relies on perfect information and "rational expectations" from all market makers. Obviously, it frequently fails to work as unpredictable events, (failed harvests, new discoveries of commodities, Brexit vote, etc.), inconveniently intervene!

The rise of low cost "tracker funds" perfectly illustrates the rise of the "Efficient Market" theorists. If you believe that the market itself, or an index that simply tracks the market, totally embodies all known price information, then why pay for a fund manager to attempt to beat it? For what it's worth, my own endorsement (a few posts earlier) of using index tracking ETF's to invest demonstrates my own (at least partial) acceptance of the Efficient Markets Hypothesis.
 
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Hugh Jarse said:
More like 'Vegelate'.... Nothing with the Cadburys label is edible IMO.

Lindt 70% + Cocoa is a minimum.
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Then don't eat it, and let others get on with it.
France and Belgium tried, and failed, to have many brands labelled vegelate. The term only exists as a pejorative used by chocolate snobs.
And it's not the amount of cocoa, it's the amount of cocoa butter.
 
viv1969 said:
Then don't eat it, and let others get on with it.
France and Belgium tried, and failed, to have many brands labelled vegelate. The term only exists as a pejorative used by chocolate snobs.
And it's not the amount of cocoa, it's the amount of cocoa butter.
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I don't eat my own schitt and I don't eat theirs either. There has always been fat in chocolate - but Kraft have changed the ingredients to cheaper binders etc and, in doing so, the traditional taste, I, as an old fart, remember from years gone by is ... gone.. The labelling of Vegelate was a truer title than the "Family Chocolate" which was used for a while to denote the milk content that France an Belgium fought against but, in the end, lost the battle.

http://news.bbc.co.uk/1/hi/uk/678141.stm

I am more into the darker mor brittle chocolates than the milkier versions like Nestlé (Milky Bar) and others produce.

It's all personal choice and even local politics gets 'enlivened'. When Kraft took over Cadburys they promised to keep the Keynsham (Bristol) cake/biscuit factory going.... the new housing estates being built there look very dense on the flood plain......

I can make my bar of Lindt last for ages but that's because of my own choice. The chlcolate does not talk to me, nag me, mock me, anymore twitch twitch....

Steve
 
Hugh Jarse said:
I don't eat my own schitt and I don't eat theirs either. There has always been fat in chocolate - but Kraft have changed the ingredients to cheaper binders etc and, in doing so, the traditional taste, I, as an old fart, remember from years gone by is ... gone.. The labelling of Vegelate was a truer title than the "Family Chocolate" which was used for a while to denote the milk content that France an Belgium fought against but, in the end, lost the battle.

http://news.bbc.co.uk/1/hi/uk/678141.stm

I am more into the darker mor brittle chocolates than the milkier versions like Nestlé (Milky Bar) and others produce.

It's all personal choice and even local politics gets 'enlivened'. When Kraft took over Cadburys they promised to keep the Keynsham (Bristol) cake/biscuit factory going.... the new housing estates being built there look very dense on the flood plain......

I can make my bar of Lindt last for ages but that's because of my own choice. The chlcolate does not talk to me, nag me, mock me, anymore twitch twitch....

Steve
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It's easy for me...I don't really enjoy any chocolate. :-)
 
viv1969 said:
It's easy for me...I don't really enjoy any chocolate. :-)
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Took me 40 years to break the habit... Cadbury's made it possible with their recipe meddling - bless their cotton socks....

Add that to the mow foul and disgusting Jammie Dodgers now made in Eastern Europe.... No Lemon Curd Dodgers anymore either......

Healthy eating reigns..... all over me
 
Hugh Jarse said:
Took me 40 years to break the habit... Cadbury's made it possible with their recipe meddling - bless their cotton socks....

Add that to the mow foul and disgusting Jammie Dodgers now made in Eastern Europe.... No Lemon Curd Dodgers anymore either......

Healthy eating reigns..... all over me
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I feel jammie dodgers taste better since they made them unsuitable for vegans by re-adding milk derivatives. :-)
 
viv1969 said:
I feel jammie dodgers taste better since they made them unsuitable for vegans by re-adding milk derivatives. :-)
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Do vegans have 'natural predators' who see them as a leaner type of SPAM?
 
dejongj said:
Perhaps try some instead of this vegelate s*** :p :coat:
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One cannot consume something that exists only as a pejorative term, smart arse. :mooning:
 
DeadpanDodo said:
I think what Stuart is alluding to is the "Efficient Markets Hypothesis". This hypothesis has continued to gain traction since the 1980's and works on the theory that the price of any commodity, company, or currency reflects all known information about the market for it....
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Spot on. Good explanation. And I think currency trading is about as efficient a market as there is.
 
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StewartR said:
But the last thing the country needs is people talking it into recession.
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And that has been my point from day one, I'm pleased to see the remain camp is becoming divided now with a group who just want to get on with it and make the most of it. But there is still this undercurrent where they seem to want to talk us into a bad situation. I can understand it from the initial shock of the outcome, but I really hope people can snap out of it and start acting in a positive manner.
 
So much for the recovery.. family coming across from the continent today have just reported that the ferry onboard bureau de change EUR1 buys you GBP1.06. That's shocking for us, but great for them.

Yes, we've had them confirm that twice.

dejongj said:
So despite the uncertainty growth is up

http://www.bbc.co.uk/news/business-36903164
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Whilst wages are down

https://www.theguardian.com/money/2...eece-at-bottom-of-wage-growth-league-tuc-oecd

One measure might show the economy consistently growing faster than other EU states, but who's benefiting if we're collectively and individually worse off in terms of earnings?
 
Alastair said:
So much for the recovery.. family coming across from the continent today have just reported that the ferry onboard bureau de change EUR1 buys you GBP1.06. That's shocking for us, but great for them.

Yes, we've had them confirm that twice.
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Always been the worst place to buy your currency, but yes good for them.

1.185 at Thomas Exchange in store in London, much better for us.

Alastair said:
Whilst wages are down

https://www.theguardian.com/money/2...eece-at-bottom-of-wage-growth-league-tuc-oecd

One measure might show the economy consistently growing faster than other EU states, but who's benefiting if we're collectively and individually worse off in terms of earnings?
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A report by the TUC, and covering a period that the Tories have been in power, and well before brexit. Hmm in the context of this Brexit thread please don't take offence if I won't attribute that to the Brexit campaign.
 
Day after Brexit and it was £1=1euro in crete.
and 1.185 is nowhere near the 1.35 when I bought my currency in May. Still with the 2 years plus everything should settle out after a while before the actual exit causes issues.
It's all just driven by the markets speculating.
 
Alastair said:
So much for the recovery.. family coming across from the continent today have just reported that the ferry onboard bureau de change EUR1 buys you GBP1.06. That's shocking for us, but great for them.
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Hmm, once the boat was underway and the office opened the rate wasn't so good. Looks like they play the figures over a far wider spread than I anticipated depending on the direction of travel.

dejongj said:
A report by the TUC, and covering a period that the Tories have been in power, and well before brexit. Hmm in the context of this Brexit thread please don't take offence if I won't attribute that to the Brexit campaign.
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Think what you like, but the pro-Brexit side were pointing a very big finger at the relative growth rates of the UK and the EU and pointing out how the UK was outperforming Germany and the like. Claims were being made for significant wage growth in an economy pulling out of the 2008 recession. But given that a very large section of the workforce (public sector) were held to zero or below inflation wages rises over a period of 7+ years something was clearly not stacking up for anyone that thought about it.

Given that the reported figures in the article you link to relate to a period before Brexit, is your use of the figures any more valid if you're maintaining the thread must relates to post-Brexit recovery?
 
Byker28i said:
It's all just driven by the markets speculating.
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I'm involved with a development for one of the Banks in London, when it's complete there will be another 2,200 "Traders" gambling with our money & our futures.

Brexit changed nothing, it just gave another chance for ***** to skim more money out of our pockets.
 
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