Anyone scalping the FTSE Futures??

Sell in May and come back on St. Leger’s day

“sell in May and go away” is known in the UK as “sell in May and come back on St. Leger’s day”, which is the second Saturday in September. History says brokers, traders, etc., went to Henley for the rowing, Ascot for racing, Lords for cricket and so on and in the absence of mobile phones and tablets, the stock market went quiet.

In May 2013 the market kept climbing higher, until the last week when it fell off and into June.
 
Nikkei is already preparing for a drop on the Dow.
Dax falling. FTSE ignoring everyone else as she is want to do recently.
Its going to be messy today, and hey, lets be careful out there.

 
morning everyone

june buy/sell 1868/1861

volatility is low, not much juice, watch yesterdays cash low 1870(1864.2 june) for loss of momentum

6.5pts ex divi ftse
.
 
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(Reuters) - Britain's economy racked up its fastest growth in more than six years in early 2014, but a Bank of England interest rate rise is not imminent while the country makes up ground lost after the financial crisis.

Output jumped 3.1 percent in the first quarter compared with the same period last year, the biggest rise since the late 2007, the Office for National Statistics said.

The economy remained 0.6 percent smaller than it was in the first quarter of 2008. Excluding the oil and gas sector, which is in decline, output was 0.3 percent higher than its previous peak.

http://uk.reuters.com/article/2014/...LY20140430?feedType=RSS&feedName=businessNews
 
BBC brainwashing and labour lunatics proved wrong again.

George Osborne is to enjoy a massive boost this week as the International Monetary Fund upgrades its growth forecast for the UK by more than any other major economy.

The IMF is set to increase its projection for the UK this year from 1.9% to 2.4%, according to Sky News.

This upgrade would come soon after the Ernst and Young ITEM Club upped its growth forecast for the UK to 2.7% this year.

The IMF's increasing positivity about the UK's growth prospects marks a notable change from its warning last year that Osborne was "playing with fire" by pursuing his austerity agenda.

Vote Tory for a Brighter Future

(the bbc "employs" 3000 journalists)


posted the above jan 21st 2014
 
THE resurgent British economy is set for faster growth than the United States for much of the rest of the decade, according to Toscafund, one of Europe’s biggest equity hedge fund managers.

The London-based firm, whose holding company is chaired by Sir George Mathewson, has been betting on a revival in the UK economy since last year when many commentators were predicting a triple-dip recession.

The fund sees population growth, via immigration, as a key driver of the economy along with a “flourishing” car-making industry and the increasing attractiveness of UK universities to students from emerging markets. “ firmly believe UK GDP will only surprise upwards from here,” chief economist Savvas Savouri said, estimating that British economic growth would outpace US expansion every year from 2014 to 2020 inclusive.

“I can’t think of another country on this planet that is the nexus of emerging world growth more than the UK. By 2045 the UK’s population will be bigger than Germany’s.”

Savouri said Toscafund owns positions in housebuilders, capital goods stocks – manufacturers of goods used to make other products – and property stocks such as British Land, Land Securities and Great Portland Estates.

Toscafund -



posted the above august 21st 2013

BBC "employs" 3000 journalists
 
Dax dicking about in a very narrow range making for a very unhappy postman.
I'm off out. See you at 2pm.... :sleep:
 
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