By Malcolm Stacey | Saturday 4 June 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Schemers. I read a very recent piece on this glittering website from Terrers the Frenchman. Readers of his occasional, but very well researched and detailed articles, will know that he usually takes the gloomy view. And this is what happened in Thierry’s latest interesting piece which points out that the Footsie is once again on the back foot. In his opinion things may just get worse before they come better. And yet, as he also mentions oil prices have risen and the S & P has been trading near highs. So what’s holding the Footsie back? Well, I think we all suspect it is the uncertainty over Europe.
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