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Thread: Equity Bourses : what's going on?

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    Politics.ie Member gerhard dengler's Avatar
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    Default Equity Bourses : what's going on?

    The Dow Jones is skirting 14,000

    FTSE is around 6,350.

    Huge gains throughout other bourses.
    Does anyone know why equity markets are rallying and rallying to near historic highs?
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    Politics.ie Member wombat's Avatar
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    Quote Originally Posted by gerhard dengler View Post
    Does anyone know why equity markets are rallying and rallying to near historic highs?
    Maybe confidence in the U.S.? My CRH shares are finally out of the red

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    Politics.ie Member Sister Mercedes's Avatar
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    Central Bank printing has pushed Bond Yields to historic lows, so money has to go somewhere else. While Doomsday merchants like Soros and Roubini are saying the worst is over. So it's a combination of complacency and cheap money. It could last a long time, but I reckon the US market tops out this year. Equity bull markets last an average of 42 months, and this one began 46 months ago.

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    Politics.ie Member gerhard dengler's Avatar
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    Quote Originally Posted by wombat View Post
    Maybe confidence in the U.S.? My CRH shares are finally out of the red
    Google tells me that the alltime high for the DOW was 14,066 and FTSE was 6,642
    Today the DOW is at 13,940 and the FTSE is at 6,350.
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    You might as well ask an eight ball these days.
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    Loads of QE cash looking for a home.

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    In nominal terms folks, it's just the truckloads of funny money looking for a home,

    How's to Dow lookin when measured in terms of Gold?

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    Politics.ie Member Sister Mercedes's Avatar
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    Quote Originally Posted by gerhard dengler View Post
    Google tells me that the alltime high for the DOW was 14,066 and FTSE was 6,642
    Today the DOW is at 13,940 and the FTSE is at 6,350.
    So if you invested in the Dow 13 years ago, you're about flat now, excluding fund manager fees. Not a great return. Not as good as the return on a PS pension, anyway.

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    Quote Originally Posted by Sister Mercedes View Post
    Central Bank printing has pushed Bond Yields to historic lows, so money has to go somewhere else. While Doomsday merchants like Soros and Roubini are saying the worst is over. So it's a combination of complacency and cheap money. It could last a long time, but I reckon the US market tops out this year. Equity bull markets last an average of 42 months, and this one began 46 months ago.

    yup.

    theyre simple looking for somewhere to slash the cash as all other options are so poor.

    ive a feeling its a bubble thats near topped and have cashed out myself. it just doestn make sense that it can keep up much longer considering the fundementals

    ive a feeling our ol friend fiscal cliff will have an effect on the nasdaq/dow come march and the trickle down will hit the others.

    i mean FFS the ISEQ is at 3550 !

    that doesnt make a lick of sense. particularly the banks which have doubled in price in the last few weeks in some cases despite the fact theyre STILL basket cases.

    i mean PTSB went UP today when reuters have reported that the deal to get shot of their trackers went down in flames when put forward to the euro lads.

    at any other time it'dve devestated the share price.

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    Politics.ie Member gerhard dengler's Avatar
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    Quote Originally Posted by Sister Mercedes View Post
    So if you invested in the Dow 13 years ago, you're about flat now, excluding fund manager fees. Not a great return. Not as good as the return on a PS pension, anyway.
    I know little or nothing about investing.

    I can say though that it could be the case that part of the pension could be invested in stocks and shares, so this rally will help to increase the return for those pensions.

    If you invested in the DOW 13 years ago, the index was around 10,000 just prior to the dotcom bubble burst.
    Dow Jones Industrial Average Index Chart - Yahoo! Finance
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