FTSE big crash

[GoldenPhil]

I would argue creating a website is manufacturing not a service.  Hosting a website would be a service. 

[vand]

This is my weekly bump.

How's those short positions looking, gentlemen? 

 

[GoldenPhil]

So far so good. A little flash crash around now would allow me to take some extra profit and the sell order is in. 

[vand]

 

[GoldenPhil]

https://yougov.co.uk/topics/economy/articles-reports/2020/05/04/consumer-confidence-hits-2012-low-during-covid-19-

 

[vand]

@GoldenPhil - Keep arguing with the market (not with me) = keep losing money. It's really that simple. 

 

There are 3 golden rules to trading:

Trade what you see, not what you think
Let your profits run, cut your losses quickly
Never ever add to a losing position

 

I reckon you're in violation of all 3 of these.

 

[vand]

10 hours ago, GoldenPhil said:

https://yougov.co.uk/topics/economy/articles-reports/2020/05/04/consumer-confidence-hits-2012-low-during-covid-19-

 

you have no idea how much of a good Contrarian indicator extreme sentiment readings are. 

[GoldenPhil]

Interesting;

https://www.fool.co.uk/investing/2020/06/06/top-money-managers-think-we-could-see-another-stock-market-crash-in-2020-heres-what-im-doing-now/

 

[Kman]

If you're predicting another crash what better than all these protesters to set off a second wave of corona and lockdown

Cases would probably start spiking again in July, same time as Q2 results are released, could result in July being a very interesting month

^ Part of me guesses people might have already written off Q2 however bad the results are

At some point, Q3 or Q4  or maybe even Q1 2021 the markets wont be able to trade off of optimism but the facts (you would think anyway) 

As I said in another thread I wont bet against the market until i see the TVIX macd lines uncouple 

I also wont bet on the market because I don't have the confidence to currently

 

 

[StackerCollector]

1 hour ago, GoldenPhil said:

Interesting;

https://www.fool.co.uk/investing/2020/06/06/top-money-managers-think-we-could-see-another-stock-market-crash-in-2020-heres-what-im-doing-now/

 

Yes, interesting. Same story all over youtube and the web. Most expert investors and hedge funds expect a big crash. So hard to tell however who is lying to us :)

I'll follow Warren Buffett and just wait for the moment.

[GoldenPhil]

Yes clever guy. No money in. 

[McDougall]

UK 100 has seen a massive increase last week and most believe it will continue.

[GoldenPhil]

24 minutes ago, McDougall said:

UK 100 has seen a massive increase last week and most believe it will continue.

I always love to hear this. 

[McDougall]

5 minutes ago, GoldenPhil said:

I always love to hear this. 

Hopefully after this sharp up trend it balances out and lets the market catch up before going up any further.

[HerefordBullyun]

I know one thing will go up this week is Oil majors - as OPEC agreed a production measure today. I bought some shares after I heard this today.

[McDougall]

1 minute ago, HerefordBullyun said:

I know one thing will go up this week is Oil majors - as OPEC agreed a production measure today. I bought some shares after I heard this today.

I was looking at that earlier and thats a risky one but if it up trends monday it will pay out good money but keep a close eye on it because the reason its being bollstered is because countries like russian don't want oil prices to dip to low/crash.

[McDougall]

5 minutes ago, HerefordBullyun said:

I know one thing will go up this week is Oil majors - as OPEC agreed a production measure today. I bought some shares after I heard this today.

Don't forget your stop loss!

[Kman]

6 minutes ago, HerefordBullyun said:

I know one thing will go up this week is Oil majors - as OPEC agreed a production measure today. I bought some shares after I heard this today.

Is that why oil shares were up a lot Friday? because of an expected deal

If so maybe it's already priced in

I have no idea though 

I thought with record levels of oil in storage matched with low demand it would be a while before saw much movement in oil majors but shows how little I know 

 

[HerefordBullyun]

4 minutes ago, Kman said:

Is that why oil shares were up a lot Friday? because of an expected deal

If so maybe it's already priced in

I have no idea though 

I thought with record levels of oil in storage matched with low demand it would be a while before saw much movement in oil majors but shows how little I know 

 

There was a rise on friday and the news came out, but there was talk of counties like iraq and some others not agreeing to production cuts. But the agreement was made today for a further month. Therefore I would say the market will certainly open upwards.

[HerefordBullyun]

https://finance.yahoo.com/news/opec-agrees-extend-output-cuts-121623947.html?guccounter=1&guce_referrer=aHR0cHM6Ly91ay5zZWFyY2gueWFob28uY29tL3locy9zZWFyY2g_aHNwYXJ0PUxrcnkmaHNpbXA9eWhzLVNGMDEmdHlwZT1BTllTX0EwM1UyX3NldF9iZnImb2J0OWJwZHllZD0wJnA9Ymxvb21iZXJnK29wZWMrbmV3cyt0b2RheSZwYXJhbTE9bVRfQWVZR2h6OUJmX2xuYWVVTHJKaXh5c0xoYmE4M0RoX2d1VDl0c0lMSXpxRFhveFpLaExiR1o5Mm9vX0JHWTJDZW1iM1ZCOUVfQ3VlWWxiZlVUbk9FQnBUUzIzck9NUkQtbGZodmR1Y3daNUhfdVp4SExQSTlqZWhsTGs2dzNJWXpFN2dSR1piSG8yQjZiZXBfRlFQYU5OZnpubTZ5dkJJMnFQeF9PaVFSbkM2ZkpNVkxLUkRSMnhrQ3N0cU1SVUMxQjJQX2JYQ29ELVI1ZmtEMHMxOWpmbkpfdjBiMmRyY3l4TW9uSUowU3E3RDR2OEkyWXhzSnpzcEVrWkJOU2ZUOGh1TGZpbFRCcg&guce_referrer_sig=AQAAAKoxgoTTHT9xrVRO0W770NN7xGBhK_6nxgH4EwyPPYf3dVG30x-msaQQdXzYv8bHFTPXT4X1yBy1hGwK9uekI7yTYRqOjoau0aUpX3oeFnBCuUxSg5GBFJ4a-No0v8227sObHSEImroAzIBQuQyggTAM427i6iUTN2OBYIsh7IyM

[GoldenPhil]

I am tempted to short. What did you buy? 

[HerefordBullyun]

I will give you a clue my buy isnt fully invested 100% in Oil alone. It has a very diverse portfolio. And for me its a buy + hold albiet its going to be bumpy ride - for now. I am willing to hang on for while - happy shorting.

[TheApe]

Its hardly a big leap to predict another big fall.

I would have thought this is the consensus rather then a new idea. The real question is timeframes.

[GoldenPhil]

I love all the Robin hood retail customers piling in coz they think shares are cheap, pushing the prices even higher. This smells like a bubble to me. When will it pop?

[TheApe]

One of the big giveaways for me is all the people I know telling me they are opening up Degiro accounts or similar. People who never before even considered stocks. It kind of reminds me of the Crypto bubble , as crazy as that sounds.

But I do fear this could run a while yet.