Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

FTSE 100: Bear market is far from over

By Thierry Laduguie

3 November 2015 06:46

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The FTSE 100 opened higher this morning boosted by a strong rally on Wall Street. As I said recently, the S&P 500 is a wild index, it can rally for days or weeks to the point where investors will feel safe then it will sell off. The rally was driven by technology, energy and healthcare stocks. Better than expected manufacturing PMIs in Europe, UK and US also helped stocks rally.

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Comments

wildrides

3 November 2015, 16:29

I have important news for you Lad You Gooey . The stock market goes up and down when things happen . Yep thats it . In addition it has nothing to do with the world rally championship , what differential you have fitted in your WRC car , or steep declines on stages , or Mexican waves of spectators .

Hugs and Kisses from the Frozen North and the Council House ( former ) ( yeah Tom, council house……….. you bricks and mortar snob , you cant take it with you exactly so who gives a shite anyway )
Rhambo

4 November 2015, 06:40

To me looks like going the other way… Real economy growth is slowing and Asian central banks are poised to start printing confetti. The shock and awe of China has dissipated… Until there are signs central banks are going to stop pumping, I can’t see another dump – perhaps a new dow high incoming shortly.