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Posted by Senan
I read, daily, the Broker reports from Dolmen, Goodbody, Davy, and sometimes Bloxham. They all have their own style and I find some more readable than others. What concerns me though is the proliferation of 'Buy' recommendations. Hey, I'm all for buying shares as I think they are a solid long-term investment. But these guys are highly-skilled analysts, some with specialist fields (e.g. exploration, telco, etc.). Given the turmoil on the markets of the past while, are these companies really still so great? I hope so; a lot of private investors will probably follow these recommendations more or less blindly; and hopefully they'll all get rich off these 'Buy' recommendations. Me, I'll take them as a good starting point for further research. We must also bear in mind that to make money from owning shares (dividends aside), those shares must be sold. How to come to that decision seems to be much more difficult to quantify.
Bank of England leaves interest rates at 0.5% today. No surprise there. Also reported though is that the cost of taking out a fixed rate mortgage has jumped somewhat. What does this mean?
1) Maybe banks think base rate rises are around the corner.
2) Maybe the banks are actively trying to discourage business so as to further cleanse their loan books.
3) Maybe they've got a closer eye on margin.
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