Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Will the ISEQ jump + bond confidence improve simply on the election of a new...

  • 22-01-2011 7:20pm
    #1
    hatrickpatrick
    Registered Users, Registered Users 2 Posts: 17,797 ✭✭✭✭


    ...government?

    Since so many media outlets are referring to a change in regime here as a magic bullet, do you think simply the fact of FF being thrown out will result in an immediate jump in confidence as people are suggesting?

    Don't get me wrong, I can't wait to see the back of our current coalition and I'd obviously love to see such a surge in the economy, but realistically this seems impossible to me. Even on the election of a new US president after a period of economic bleakness, the stock markets tend to rise over several weeks or even months, rather than an overnight turnaround in investor sentiment. Seems like extreme wishful thinking to me, as much as I'd like to believe it.

    I ask this question both with reference to our domestic stock market, and our international problems in selling bonds.

    What do people think?


Comments

  • #2
    digme
    Closed Accounts Posts: 4,584 ✭✭✭digme


    some countries are on their knees,we are on our backs.
    so to answer your question i would say having a few penguins in the dail would be just the same.Ireland's finished and the media are muppets.P.s investors are not retards.


  • #3
    liammur
    Closed Accounts Posts: 3,461 ✭✭✭liammur


    digme wrote: »
    some countries are on their knees,we are on our backs.
    so to answer your question i would say having a few penguins in the dail would be just the same.Ireland's finished and the media are muppets.P.s investors are not retards.

    Could be bad news for BOI shareholders. Not many governments would have done so much to save them and AIB.


  • #4
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    No, I don't think there will be a sudden jump. While the markets won't have liked this week's uncertainty, an election has been in the offing for nearly two months now.

    It will be whether the next government makes reassuring noises / takes decisive action will be what influences the markets.

    Of course, getting a stable government will be important.


  • #5
    digme
    Closed Accounts Posts: 4,584 ✭✭✭digme


    liammur wrote: »
    Could be bad news for BOI shareholders. Not many governments would have done so much to save them and AIB.
    I wouldn't call them a government,more like bankers and landlords.


  • #6
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭later12


    No, it would be foolish to suggest that the change of administration in itself will have a positive effect on Irish equities. Traditionally, in democracies like ours, changes of government do not translate into alterations of market confidence in private industry. I would but a big red line under that sentence in light of the fact that it is a Labour Government who will likely be incoming.

    Most international analysts writing in the print media are having trouble describing the differences between Fianna Fail and Fine Gael. But, as I said in another thread, every market commentator, unfortunately, can recognise a Labour Party. Red rag to a bull, so to speak.

    Anyway, I don't think the change will have a positive repercussion, or at least it won't have positive repercussions just because it's a change. The long term policies will decide that.


  • Advertisement
Advertisement