Contrarian Investor UK invests mainly in UK FTSE and AIM listed shares. Like famous contrarians, Warren Buffett and Anthony Bolton, he likes to take a different view to the crowd of investors. He prefers the short term, possibly speculative trade, to the long term hold and takes the view that it's about "buy and research" not "buy and hold"! This blog tracks Contrarian Investor UK's thoughts on the stockmarket and his portfolio's trades. Move against the herd with the Contrarian Investor UK!
Trades and observations from a British contrarian stock investor
This blog is not intended to give financial advice. Before investing, do your own research and consult your financial adviser if appropriate. The accuracy of any information included is not guaranteed and may be subject to conjecture or interpretation by Contrarian Investor. Therefore visitors should validate all facts using alternative sources where possible.
Thursday, April 8, 2010
Market on its way down this morning
The Dow Jones Industrials finished down 72 points at 10,898 last night despite a positive U.S. Treasury's 10-year note auction and Federal Reserve Chairman Ben Bernanke's optimistic outlook for the American economy saying "if economic conditions improve, as I expect, we should see increased optimism among consumers and greater willingness on the part of banks to lend, which in turn should aid the recovery". The FTSE 100 is currently down around 40 points with resource stocks on their way down. The markets are awaiting feedback from the Bank of England and European Central Bank meetings.
Labels:
dow jones industrials,
FTSE 100
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