Negative

[bernardgreen]

I repeat, don't you believe your own story?

Please tell me what story I do not believe in.

 

[JohnD]

I repeat, don't you believe your own story?

Please tell me what story I do not believe in.

I'm not telling you, I'm asking you.

Don't you believe it?

 

[Nozzle]

I was going to buy a load of shares in ARM while they were down, but I had a 12 hours shift and can't trade at work so I'll set a buy ready for Monday. If you don't KNOW about ARM, I'll tell you. They design the chips in most of the smart phones ON THE PLANET. They don't make them, they design them and licence the IP out. It's companies like this which make Britain a world leader in new technologies. Don't dumb down the UK, have at list a little bit of pride. If you think banking and 1850's steel and ship building are all that Britain is good at, then no wonder you're scared of what the future offers.

Nozzle

 

[Nozzle]

And then I went to set up the buy for tomorrow and found that ARM shares have actually gone up, As have National Grid. Only the banks and house builders have gone down. It's just short term speculation driving the prices down, I don't think it'll last by any means.

Nozzle

 

[JohnD]

Only the banks and house builders have gone down.

No, that's not true. Check 3i, Land Securities, BT, Legal and General, Debenhams, Marks and Spencer, BAE ....

It's just short term speculation driving the prices down, I don't think it'll last by any means.

But surely that's why you want to buy them, to take advantage of what Bernard believes is a conspiracy to artificially depress prices.


(Or perhaps he doesn't believe it, he won't say)

 

[Himaginn]

I wish I'd known about this conspiracy. I'd have shorted my shares on Thursday and bought them back on Friday morning.

 

[JohnD]

You should have paid more attention to Bernard.

 

[bernardgreen]

to take advantage of what Bernard believes is a conspiracy to artificially depress prices.

Ah so that is the story that you ask if I believe. Yes I do believe that some people will use every opportunity to "play the markets " and if possible they will manipulate the markets to improve their profits.

 

[JohnD]

As a result of the referendum, share prices fell dramatically on Friday. You say you expected it and it is an artificial blip. Why aren't you buying shares at their artificially low price?

Gold went up strongly. Why didn't you buy it while it was cheap?

There is no need for you to be a market manipulator.

So what, the markets are knee jerking downwards, partly because they predicted a downward trend and partly because they can make ( in the longer term ) considerable profit for the big companies by buying shares when the market is ( artificially ) lower than it should be.

No need to be a big company either.

 

[Himaginn]

If I'd have known about the conspiracy I would have voted out to manipulate the market and improve my profit.
But doesn't that mean that the outers were not really outers, they were just stock market/exchange rate profiteers? Does it also mean that they'll back a call for a neverendum to manipulate the markets again, and again.

 

[bernardgreen]

Why aren't you buying shares at their artificially low price?

Because I have no need to increase my income nor desire to amass more savings.

As a result of the referendum, share prices fell dramatically on Friday

The financial institutions seeded the idea that quitting the EU would cause financial instability and that was the main reason there was a drop in share price for some companies

 

[JohnD]

No conspiracy required. If a country decides to leave the worlds largest trading group, it is going to lose trade and prosperity. So of course you will see a crash in its trade, its national currency and its stock market.

Warren Buffet and almost every economist and trader in the world (and I) warned it would happen.

Bernard says he knew it too.

Doggit said he would.

 

[JohnD]

Nobody should be surprised

I imagine the outists are shifting all their spare cash out of sterling and into dollars and krugerrands.

"Investors are bracing themselves for a hefty fall in financial markets this week after growing concerns that Britain could vote to leave the European Union sent the pound tumbling and stocks in Asia plummeting this morning.

The pound fell to an eight-week low against the dollar and a three-year low against the yen as jittery investors shifted into safer assets."

http://www.telegraph.co.uk/business...to-lowest-level-against-yen-since-2013-on-br/

The financial markets are in turmoil, sterling has fallen dramatically and volatility is hitting other major currencies.

Oh yes! I know! The Outists told you it was scaremongering!!! Did you believe them?