And 1/2 percent interest rates for savers. You can get 5% betting on utilities stocks.
Stock market to bounce between 4000 and 4500 for a quite a while is my prediction. Greedy people selling around 4500 before re-buying below 4000. Foolish people just keeping hold of their stocks whilst inflation eats away their investment.
The problem is banks are lending out at say 9% and giving 0.5% interest to build up their capital reserves ( as I imagine the BoE intends ).Those who don't want this stealth transfer of wealth from their wealth to the government/banks are buying stocks in desperation perhaps ?
I'm sure the Zimbabwe stock market is up every day ! Strange that the millionaires of Zimbabwe are so ungrateful ?
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