Higher Or Lower Than A Seven

I remember watching Bruce’s dollies doing their dealing on Saturday evenings. As my memory isn’t too good I checked my facts on-line. Here is what Wikipedia says:

Play Your Cards Right broadcast on ITV from 1980 to 1987, produced by London Weekend Television. The host was Bruce Forsyth. LWT produced a more modern version from 1994 to 1999, initially expected to be presented by Brian Conley who filmed a pilot show before Forsyth was lured back. In 2002, Bruce hosted another revival, with slightly modified rules. This version was produced by Thames Television. On 15 October 2005 it made a one-off return as part of Ant & Dec’s Gameshow Marathon, celebrating 50 years of ITV. It made another one-off return in 2007 again part of Gameshow Marathon. Forsyth also presented a parody of the format, Play Your Iraqi Cards Right (originally titled Play Your Kurds Right), when he was guest host on the satirical BBC TV series Have I Got News for You.

I have two observations:
★ How old is Bruce Forsyth?
★ Doesn’t the game resemble today’s UK stock market?

In my Blog seven days ago I boldly said:
“It’s also at about this time that the stock markets start to pick up. Growth in the markets is usually concentrated in the next 6 month period; and boy do we need it. October can be troublesome sometimes, but it is usually a good month if September has been bad.”

The UK market in one week has jumped up by almost 500 points or 10%. (We never hear the BBC proclaim “500 billion added to the UK stock market!) We have seen this jump before since the falls in July, but this time it kind of feels different. I still believe many market commentators who can see the market at a level towards 6000 by Christmas, but we are in no-mans land right now.

It feels like we have drawn the dreaded Seven. Come on “Higher or Lower than a Seven?” It’s now 50/50 whether we will be higher or lower in the short term. It’s easy for me to make a bold statement when I believe we have drawn a Two and therefore the next direction must (should) be higher. From a Seven it may touch almost 5000 points for the seventh time since July and then we can be more sure of the next rise. If however it goes higher, it could shoot back up beyond 5800 points well before Christmas and we will be looking to offload our FTSE100 trackers prematurely. Watch this space.