Financial Foot In Mouth » finance

Marcus Brookes, on the short term prospects for the FTSE.

admin — Mon, 20 Feb 2012 22:30:09 +0000

FTSE 100 (10/02/2012 @ 12.30 p.m.): 5845 FTSE 100 (17/02/2012 @ Close): 5905 (up 1.03%) FTSE 100 (20/02/2012 @ Close): 5945 (up 1.71%) Well, you pays your money……..

Herman Van Rompuy on the Eurozone

admin — Fri, 17 Feb 2012 10:39:23 +0000

On 15 February 2012, the BBC reported that the economies of Germany (-0.2%), Italy and the Netherlands all shrank in the last quarter of 2011. “Fourth quarter GDP numbers have shown a contraction in economic activity, prompting fears the region could be pushed into a recession.

Please define “urgently”.

We’re Still in a Bull Market

admin — Tue, 29 Nov 2011 16:02:10 +0000

During the following quarter, according to “The Daily Telegraph” (01/10/2011) the FTSE 100 suffered its biggest quarterly fall in nine years in the third quarter as mounting fears over a second global recession drove the index down 13.7% and wiped £212 bn. off the value of shares.

The last time the index fell so sharply was the third quarter of 2002. The poor three month performance was echoed among European markets, with the CAC 40 in Paris down 25.1% over the third quarter and the DAX in Germany 25.45% lower.

According to “New Model Adviser” (04/10/2011) “the U.K officially entered bear market territory on 9 August when it hit 4,855.35, some 20% off its February high of 6,091.33.”

We believe this to be a forecasting faux-pas and a worthy winner in our Hall of Fame! Can we let this comment go unnoticed or does it deserve our acknowledgement? Recognition merited!

Gordon Brown on the City of London Bankers

admin — Thu, 18 Aug 2011 20:23:48 +0000

Yes everyone, it’s our favourite politician, Gordon Brown, (remember “no return to boom and bust?”) for the comment he made way back in his 2002 Mansion House speech.