City bonuses - they're at it again.
Discussion
Here we go in the usual way with FTSE rising towards the year end when books are ruled off for the year, everyone congratulates themselves on how well they've done and pockets their incentive payments. Even with BP (accounting for a huge 5% of the index) in decline on news of US lawsuits the boys still keep the index moving up to line their pockets.
My own prediction back in June was 6,000 by year end. At the end of October it still looked possible but then a stream of bad news through November took more than 300 points off the index in November at which point I'd have expected the index to settle through the New Year.
But no. Here we are in December with not a hint of good news in sight yet the index is being talked up on hopes that British companies have enjoyed good profit growth through the second half of the year. Line yer pockets lads!!
My own prediction back in June was 6,000 by year end. At the end of October it still looked possible but then a stream of bad news through November took more than 300 points off the index in November at which point I'd have expected the index to settle through the New Year.
But no. Here we are in December with not a hint of good news in sight yet the index is being talked up on hopes that British companies have enjoyed good profit growth through the second half of the year. Line yer pockets lads!!
Ozzie Osmond said:
Here we go in the usual way with FTSE rising towards the year end when books are ruled off for the year, everyone congratulates themselves on how well they've done and pockets their incentive payments. Even with BP (accounting for a huge 5% of the index) in decline on news of US lawsuits the boys still keep the index moving up to line their pockets.
My own prediction back in June was 6,000 by year end. At the end of October it still looked possible but then a stream of bad news through November took more than 300 points off the index in November at which point I'd have expected the index to settle through the New Year.
But no. Here we are in December with not a hint of good news in sight yet the index is being talked up on hopes that British companies have enjoyed good profit growth through the second half of the year. Line yer pockets lads!!
You shoud know better than to criticise the financial sector on NPE. Your post doesn't mention the Daily Wail, pub sec pensions, asylum seekers or that it makes your p1ss boil so, in the unique logic of NPE it seems you must be a commie. My own prediction back in June was 6,000 by year end. At the end of October it still looked possible but then a stream of bad news through November took more than 300 points off the index in November at which point I'd have expected the index to settle through the New Year.
But no. Here we are in December with not a hint of good news in sight yet the index is being talked up on hopes that British companies have enjoyed good profit growth through the second half of the year. Line yer pockets lads!!
Ozzie Osmond said:
Even with BP (accounting for a huge 5% of the index) in decline on news of US lawsuits the boys still keep the index moving up to line their pockets.
Check your facts. BP fell notionally today and has recovered most of that. It's currently at a 6 month high this week and well on the way back to mid 500s.Where's the reference in your post to bonuses too that's highlighted in the title?
BTW I'll be picking a tidy bonus up this year and I don't work in banking, does that make me a bad person?
Edited by R1 Loon on Thursday 16th December 15:00
My point is a simple one. Illegal (though hard to prove) manipulation of the market to "sex-up" year end performance figures and thereby artificially enhance performance and thus financial rewards.
Click back on some historic FTSE charts and it's pretty apparent. (Albeit peaked a tad early at the end of 2007)
No, I don't trade derivatives myself. My BP shares are doing just fine though!
Click back on some historic FTSE charts and it's pretty apparent. (Albeit peaked a tad early at the end of 2007)
No, I don't trade derivatives myself. My BP shares are doing just fine though!
Ozzie Osmond said:
My point is a simple one. Illegal (though hard to prove) manipulation of the market to "sex-up" year end performance figures and thereby artificially enhance performance and thus financial rewards.
Click back on some historic FTSE charts and it's pretty apparent. (Albeit peaked a tad early at the end of 2007)
No, I don't trade derivatives myself. My BP shares are doing just fine though!
Moron really.Click back on some historic FTSE charts and it's pretty apparent. (Albeit peaked a tad early at the end of 2007)
No, I don't trade derivatives myself. My BP shares are doing just fine though!
What are the volumes traded at end of calender year, how do they compare with other months oh Ozzie.
Ozzie Osmond said:
My point is a simple one. Illegal (though hard to prove) manipulation of the market to "sex-up" year end performance figures and thereby artificially enhance performance and thus financial rewards.
Click back on some historic FTSE charts and it's pretty apparent. (Albeit peaked a tad early at the end of 2007)
No, I don't trade derivatives myself. My BP shares are doing just fine though!
Click back on some historic FTSE charts and it's pretty apparent. (Albeit peaked a tad early at the end of 2007)
No, I don't trade derivatives myself. My BP shares are doing just fine though!
Ozzie Osmond said:
Here we go in the usual way with FTSE rising towards the year end when books are ruled off for the year, everyone congratulates themselves on how well they've done and pockets their incentive payments. Even with BP (accounting for a huge 5% of the index) in decline on news of US lawsuits the boys still keep the index moving up to line their pockets.
My own prediction back in June was 6,000 by year end. At the end of October it still looked possible but then a stream of bad news through November took more than 300 points off the index in November at which point I'd have expected the index to settle through the New Year.
But no. Here we are in December with not a hint of good news in sight yet the index is being talked up on hopes that British companies have enjoyed good profit growth through the second half of the year. Line yer pockets lads!!
My own prediction back in June was 6,000 by year end. At the end of October it still looked possible but then a stream of bad news through November took more than 300 points off the index in November at which point I'd have expected the index to settle through the New Year.
But no. Here we are in December with not a hint of good news in sight yet the index is being talked up on hopes that British companies have enjoyed good profit growth through the second half of the year. Line yer pockets lads!!
I'm guessing this is all based on having no understanding of the constituents, basic economics or having done any research into these constituents?I think you're getting confused between the British economy and global businesses listed on a British stock exchange. There isn't much correlation, you do realise this?
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