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Don't forget that the ISEQ is a small cap market. By all rights it should have been absorbed by London ages ago. The banks being hit hard also has a dispropotionate impact on a such a small market.kerrynorth said:None of those reasons explain why the ISEQ is by far the worst performer in Europe this year.
(richer) traitor....hand your passport backlocke said:Irish stocks had a value that was based on beliefs about future growth. Those predictions are looking a bit shaky considering the economic indicators. I took what managed fund investments I had out of Irish oriented funds and put them into German ones at the turn of the year. So far it's been a good move.
Of course you can blame me for the ISEQ fall then...
One would hope that, for his own sake.the-analyst2007 said:FT, the fact that it is now falling means that it reached a peaked. Was this a bubble? Were there chaps out there that put their money in irrationally? In fairness, your claim that you sold out before the fall means you may not be as thick financially as you are politically.
ISEQ in crash territory!
If the Irish economy is so rosy
Don't conflate the Irish Economy & the ISEQ. Considering say employers: how many are wholly foreign now ? E.g. Google, Microsoft, Intel alone make up ~10,000 employees. Most services workers belong to the global economy. Yup the Irish Banks & Cement Companies are tanking but they don't make the whole picture of Irish economy . Also have you analysed which specific companies fell - did Food fall by much etc.
This is bad... for some.
I didn't sell before the fall began. I bought BOI shares at 16.43 per share and sold at 14.75.the-analyst2007 said:FT, the fact that it is now falling means that it reached a peaked. Was this a bubble? Were there chaps out there that put their money in irrationally? In fairness, your claim that you sold out before the fall means you may not be as thick financially as you are politically.
The reason is because the ISEQ is unusually top-heavy in financial stocks relative to the rest of Europe.Kerrynorth said:None of those reasons explain why the ISEQ is by far the worst performer in Europe this year.
Dan McLaughlin is broadly correct. The sub-prime problems in the US, coupled with the slowdown in the housing market here, are the main reasons for the fall in the ISEQ.Anorakphobia said:The notion that international markets are causing the problem is bogus and is a giant lie peddled by Planet Dan Mc Laughlin.
Meanwhile back on planet earth a quick glance reveals most of the biggies (Dow/Dax/Hang Seng/Nikkei) are massively up on year.
Dan Mc Laughlin was on RTE 2 weeks ago blaming the ISEQ fall on "US Subprime concerns", as he was speaking the DOW was actually hitting an all time high! What a spoofer!
This is 100% linked to a flight from Ireland by institutions who view us as an overpriced kip, exacerbated by huge amounts of CFD clients baling out as teh margin calls cant or wont be met.