FTSE, most of the time, is a DOW tracker. Alot of indicies follow the DOW for obvious reasons. I've sat there and watched the FTSE on minute candles just track the DOW, level 1 data.
P/E ratios have climbed again to what I think are dodgy levels given that these have risen off the back of recent performance, which has been derived from cost cutting only. But you can only go so far with that…
Looks to me as if the city boys were hoping/wanting a clear majority, and probably not Lab.
If they don't see us getting to grips with our debt, they'll give us the Greece treatment. UK Gov bonds have already been questioned by Pimco and I think they've had to up the rates to be able to shift them.
If I was Gordon Brown I'd get the hell out of there – whoever ends up as leader of a minority government in the next few months is going to find themselves in a world of shit
Yeah, Thanks Gordon.
CC.