Friday Email: 08 August 2014
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
The markets have had a very bad week with the August blues setting in over the situation in the Ukraine and the trouble in the Middle East. The market is underpinned by good fundamentals and many investment opportunities will emerge. We are working on our dollar portfolio which we have decided to delay for a week or so as we watch the current market woes unfold. A few weeks ago, we were talking about hitting the 6850 barrier and now we are talking about 6500 as the FTSE has retreated rapidly. The correction could continue as there is no sign of good news to reverse the trend.
The corporate calendar is much quieter next week but we will see results from Admiral, Balfour Beatty, Ladbrokes, Prudential, G4S and Serco.
We are watching the current market developments and looking forward to some bargain hunting over the next few weeks, possibly into September as the correction could easily run to 10% or more.
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
It’s included as part of the free DividendMax trial.
Read next: 01 August 2014
Another quite scary week for investors passes. It was very busy and there were some notable highlights. The question is....has the market built in too much over the past 6 years of rises?
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