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Stock Market 2020

Discussion in 'off topic' started by andyoz, Feb 26, 2020.

  1. robs

    robs pfm Member

    And in today's news after the Bournemouth beach crisis...

    "The IMF said investors were “apparently betting on continued and unprecedented support by central banks”, adding that the disconnect between markets and the real economy raised the risk of another slump in asset prices that would harm recovery prospects."
    “This has created a divergence between the pricing of risk in financial markets and economic prospects,” the IMF said.
    The IMF said a second wave of infections was one of a number of triggers that could send markets lower. Such an outcome “could add financial stress on top of an already unprecedented economic recession”.

    "Another 1.48 million people filed for unemployment insurance across the US last week, as the grim economic toll of the coronavirus pandemic continued and infection rates picked up in many states." - courtesy of the Guardian.

    Not sure there's much to add other than a reminder that IMHO the 'official' US unemployment figures are not at all representative of reality (they are based on a survey of 0.03% of the population, agreeable to participate in the survey. Do the sums to work out just how many people need to report that they are not looking for work to impact on that metric....).
     
    Rana likes this.
  2. andyoz

    andyoz pfm Member

    ^^^ I think the world economy would have been much better off if people had spent any helicopter money they received on goods (buy online) rather than stocks....or saved it at least.

    If the stock market turns over, the retail investors will get thrown under the bus and the pros will reap the rewards to aid their middle calls/wealthy clients.
     
  3. andyoz

    andyoz pfm Member

  4. Rana

    Rana pfm Member

    Crazy
     
  5. andyoz

    andyoz pfm Member

    Gold, Silver and GDX starting to look more solid now...as the market realise this virus isn't done with us yet...

    Wish I'd known about GDX and GDXJ back in March as they must have been a good solid play looking back in history.
     
  6. deanf

    deanf pfm Member

    A bit of gold isn't a bad idea for security / emergencies, but long term I still think you're better with a range of big players from future markets - Shopify, Google, Amazon, Okta, etc. And 10% in Bitcoin.
     
  7. andyoz

    andyoz pfm Member

    Alot of them just seem overvalued to me now.

    Also, trying to buy Bitcoin via Binance and the cut they take is crazy...like 5%+
     
  8. deanf

    deanf pfm Member

    I agree, but they're well managed with a lot of untapped business.

    There are cheaper but I use Coinbase Pro, which is at least reliable. If the market runs and traders get into crypto then bitcoin moons, 5% won't sound like a bad deal. :) It's arguably a safe haven too, given the money being printed and the inflation to follow.
     
  9. robs

    robs pfm Member

    https://www.theguardian.com/technol...ost-valuable-carmaker-without-making-a-profit

    Tesla now the highest market cap of all car manufacturers, despite never having made a profit...

    I've driven in a couple (S & 3) and not particularly impressed with either. Fast but neither merited the price tag IMHO. And you don't see too many on the roads..

    If the company is valued on future earning prospects then they have a long way to go IMHO..

    T(esla)ulips?
     
    Snufkin, andyoz and wacko like this.
  10. andyoz

    andyoz pfm Member

    I like Elon cause he's nuts...but those interiors ...blahhh

    I suspect German manufacturers have all the electric cars we need once demand is there.
     
    Kirk and Snufkin like this.
  11. Amber Audio

    Amber Audio This is the Day

    Look at Coinbase and Coinbase Pro to trade, once you have it setup the fees are reasonable, depositing and withdrawing fiat out is quick, easy and free, I have a First Direct account linked. You can do Limit and Loss orders.

    Binance is a faff but good if you fanny with Alt coins, they have their own coin which can minimise the fees. I just stick with BTC, LTC and ETH these days on CB Pro.

    It’s still a gamble but it look at the minute it’s not much different to the FTSE or DOW, I was aiming at 1% in crypto but now have 5% in it.
     
  12. andyoz

    andyoz pfm Member

    I'll check it put

    Gold, Silver and Gold miners are giving me a good few thrills already. I think things are setting up to be good for them in the future.
     
  13. Rana

    Rana pfm Member

    US craziness continues. Tesla hit $1700 earlier today before pulling slightly back, which puts their market cap is $309b. P/E is equally crazy. At least they actually make something and have a proven technology position that the other OEMs are chasing after......Nikola have a market cap of nearly $20b and have nothing to show but concepts and some land. To put it into context bp's market cap is only $60b. Looks like US is now ultra-forward-looking. I know nuffin' no more.
     
  14. NeilR

    NeilR pfm Member

    hey ho, quite a few of my funds hold Tesla so I’ll just go with the flow. Yes it is crazy, but I don’t feel selling out.

    A few weeks ago i sold a duff european growth fund (thanks for nothing HL wealth list) and bought into baillie gifford long term global growth. I thought i had already missed the boat but it is up 20% since then. Surely it will end in tears but it is a fun ride.
     

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