Uk stock market prospects
Saturday 21 January A lmost exactly a year ago, economists at Royal Bank of Scotland advised clients to sell everything ahead of a stock market crash.
One year later, on 12 January , the index was at — an all-time high. And the oil price?
A month later they were worthless. Remember, these are the absurdly paid experts who the casino AKA investment banks threaten to shift to Paris or Frankfurt after Brexit. This week I received a new warning of impending doom, albeit from a firm of investment managers rather than one of the casino banks. It came amid the FTSE closing at a record high for the 14th day in a row, the longest such stretch in history. The note warned how during the dot.
Is it about to happen again? Just because the FTSE has reached new all-time highs does not mean that a crash is imminent; however it is often a good idea to hope for the best and plan for the worst.
But my feeling is that as more and more analysts have been employed in the City, on Wall Street and in Hong Kong, the worse the forecasts have become. How many predicted the crash in ? A handful at best. The oil price crash of ? Or that interest rates would fall to near zero and stay there for nearly a decade?
So what am I doing about the risk of the FTSE crashing?
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Like the vast majority of Brits, my fortune is almost entirely wrapped up in a company pension scheme. As for market timing? But you are also in a tiny minority.
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Stock markets | Business | The Guardian
Markets are at record highs, but optimism breeds recklessness. The question is how big the bubble will get before it bursts. Government pension scheme begins ditching oil and gas investments. Should we invest in BP? Will it be a happy new year for your investment funds?
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