Today on the ISEQ

[Bobert]

In a rare occurence, the iseq is up considerably at 3,131.54 up 189.07 point. Surely as a result of the budget?

[mccafferty cat]

Surely it's a direct result of the defeat of the Lisbon Treaty referendum, just like everything else yourself and Future thingy bring up?

[adrem]

I'd say absolutely nothing whatsoever to do with the budget !

[Bobert]

Surely it's a direct result of the defeat of the Lisbon Treaty referendum, just like everything else yourself and Future thingy bring up?

You're an idiot.

[mccafferty cat]

In a rare occurence, the iseq is up considerably at 3,131.54 up 189.07 point. Surely as a result of the budget?

Sorry to ask the obvious question of a financial market genius such as yourself, but why would the ISEQ rise on the basis of a budget for which absolutely no detail has yet been released?

[Bobert]

Sorry to ask the obvious question of a financial market genius such as yourself, but why would the ISEQ rise on the basis of a budget for which absolutely no detail has yet been released?

Optimism.


*Fills space*

[Watcher1]

Optimism.


*Fills space*

Opti what? This is an FF budget so how exactly is optimism supposed to enter the equation? FF will no doubt send this economy right back to the early 80's.

[constitutionus]

and far more salient. just because WE dont know whats in the budget doesnt mean NO ONE does.

but to be honest as i just posted in the ISEQ thread i think you'll find the increases in the main ARENT in banking stocks. CRH and RYANAIR are the big movers today. ironically if the budget had anything to do with the ISEQ those two would be hit as the NDP is undoubtedly taking a hit which'd effect CRH and we all know the much touted 10 euro travel tax is on the cards which must have micheal o leary livid.

i think the bounce is down to investers getting into companies that actually DO something as opposed to banks which just leech off the future earnings of people.

EDIT . CHRIST didnt even finish the post and its dropping again. down to 3101 now

[mccafferty cat]

Optimism.

I see. So investors are optimistic in the face of a budget which is widely agreed to be the worst bloodbath in 25 years?

Or could it be more likely that the ISEQ rise is attributable to the huge rises in the US and Asia in recent days?

Now THERE'S a deduction for which I will be expecting next year's Nobel Prize...

[Bobert]

Opti what? This is an FF budget so how exactly is optimism supposed to enter the equation? FF will no doubt send this economy right back to the early 80's.

We can dream...