Follow us on Twitter
Find us on Facebook
Subscribe via RSS
We’re Still in a Bull Market
I do not yet see either the investor behaviour or market valuations that one would normally associate with a bull market peak,’ he said. ’In fact, given the extraordinary world events in the first quarter of this year, markets have been remarkably resilient, illustrating how bull markets typically climb a “wall of worry”.
Quote by: Anthony Bolton, Star Fund Manager, Fidelity.
Quote made on: 21/06/2011
Quote Submitted by: Financial Foot in Mouth
Source: Citywire
Editor's Notes
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!
(7 votes, average: 8.57 out of 10)
Loading ...Published on: November 29, 2011
U.K. Equities to Rise as Much as 20-25%
“We can expect U. K. Equities to rise as much as 20-25% in 2011. It is a paradox that the worst recession of a generation has made the U.K. one of the most attractive areas for investors today. The market continues to discount a highly uncertain outlook, though as companies realise that we are not heading for a double-dip, capital expenditure will rise”.
Quote by: Richard Buxton
Quote made on: 25/11/2010
Quote Submitted by: Financial Foot in Mouth
Source: Richard Buxton – Head of U.K. Equities, Schroder
Editor's Notes
In the event, the FTSE 100 started this year at 5899.94 and, as I write on 15 December 2011, it stands at 5428. We are all looking forward to the 1650 point end of year rally over the next few days so as to avoid any embarrassment at Schroders, and no doubt Mervyn King will now be able to enjoy his Christmas pudding with the knowledge that his worst fears about a “double dip” have been unfounded.
(6 votes, average: 9.17 out of 10)
Loading ...Published on: October 19, 2011
Gordon Brown on the City of London Bankers
What you as the City of London have done for financial services, we as a government aim to do for the economy as a whole.
Score 8 |
December's Winning Quote
As voted for by us the ‘Financial Foot in Mouth Team’. We took it upon ourselves to drink the champagne to celebrate the launch of this website. |
Quote by: Gordon Brown
Quote made on: 2002
Quote Submitted by: Financial Foot in Mouth
Source: Financial Times
Editor's Notes
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.
Published on: August 18, 2011
