Author Archives: mcturra2000

About mcturra2000

Computer programmer living in Scotland.

Has the bell rung for the bottom?

I am now going to commit an act of utter insanity: by predicting that the market is near the bottom. To quantify that as a specific prediction: the FT100 is within 10% of its 2020 low, and will be higher … Continue reading

Posted in Uncategorized | Leave a comment

Magic Hat Portfolio: down 19% today

The markets are exhibiting extraordinary behaviour at the moment. The portfolio benchmark, the FT350 is down 8.5%. The MHP is down 18.5%, with everything at least down 10%, with the exception of FXPO, which is down “only” 7.3%. Airline tour … Continue reading

Posted in Uncategorized | Leave a comment

Magic Hat Portfolio: a little update

After yesterday’s horrendous fall, the FT350 is now lower than it was when I first started the MHP (Magic Hat Portfolio) in February 2011. So nine years out, and the FT350 has returned a big fat zero. Less than zero, … Continue reading

Posted in Uncategorized | Leave a comment

TUI looks vulnerable to me

COVID is starting to ramp up in Europe now. Things are worsening in Spain, and it’s starting to look bad as a holiday destination. It’s difficult to gain a perspective in the UK, because I believe we are only at … Continue reading

Posted in Uncategorized | Leave a comment

My thoughts on the market

The number of cases of covid is currently small in the UK. The UK health minister accounced that she has it, and I surmise that it will now spread rapidly. We are experiencing a calm before the storm. I hope … Continue reading

Posted in Uncategorized | Leave a comment

Oil takes a tumble

The FT100 closed at 5965 today, down 7.7%. That puts it in the top 5 one-day falls according to a post on Stockopedia. What is noticeable – and worrying – is that big falls do not occur in isolation, but … Continue reading

Posted in Uncategorized | Leave a comment

More market turmoil

I see the FT2350 is down a massive 2.45% as of writing. I was doing really well in 2020, too, but everything is unravelling, basically. It’s a mess, but remember, we faced a similar mess in Sep 2019 and early … Continue reading

Posted in Uncategorized | Leave a comment