MarvinSoames
Short

FTSE 100 New High Then Pullback As I Predicted

FX:UK100   FTSE 100 index of UK listed shares
24 0 0
The FTSE 100             rallied as the GBP fell and i was in ore of the herd. As i loaded my Sniper Rifle and took aim, i waited patiently to see when the sheep would fall off the cliff             and retreat. Before pulling the trigger I wondered too myself if every one was a hunter, the markets would be a very dangerous place. I came too the stark realisation that i actually need these sheep to survive, "The Sheep are my Food i am a Carnivore".

Back to it the FTSE 100             finally realised that a weak pound is not as great, as one was led to believe. And the matter of consumer spending, and annual revenues mean a lot more to the FTSE 100             Corporations, and investors than a weak pound.
Me and my economists foresee a bumpy 2017, There are too many over leveraged banks in need of bailouts, consumers are going to be a lot less forthcoming to spend. Unemployment is going to increase also bringing consumer spending down. The first sign that the wheels are in motion is 0% interest rates set by the "BOE".
I read report of Banks that cannot recover even if there are negative interest rates, Because they have taken on too many risky assets. The future in the long term is Bleak start shorting.

Marvin Lyonheir
Ceo             MlnTrade

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