Thursday, January 12, 2017

FTSE London Daily Chart; 13 Record Highs as Friday the 13th Begins

The FTSE is up for 13 consecutive days as Friday the 13th begins. The FTSE is up 17 of 18 days. The all-time high is 7328.51 on 1/11/17 and the all-time closing high is today at 7292.37. The pound has been pounded since the Brexit vote in late June. BOE Governor Carney receives criticism for riding in too quickly on his white horse to save the day offering saddle bags bulging with stimulus. The central bank and Brexit drama crushes sterling and the weaker pound launches the footsie. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added Saturday, 1/21/17: The FTSE prints another all-time record high at 7338.49 and all-time closing high at 7337.81. The winning streak is at 14 days. Here comes the band. They are playing, "Happy Days Are Here Again."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.