The Stock Exchange in December

www.minus19.com

30-11-2008 | Javier Gomez

madrid bag

We are little more than ahead of 31 days to close the year and partly or in much, to make up our stock-exchange results of this year, that, unfortunately, in most cases, they will have turned out to be negative for many. And the fact is that it is not necessary to forget that up to the date the Ibex 35 accumulates a few descents of 41,31 %. Accompanying it they are the CAC of Paris that goes down in what goes of year 41,88 %, the DAX of Francfurt that does it in 42,12 % or the FTSE of London that 33,59 % lowers.

Today it turns out to be curious to me to begin to read already in the principal economic journals of the country about the awaited "rally" of end of year. The truth is that ésto increasingly it is alike a roller coaster, but apart from the bad news that do not do any more that to affirm that one economically very bad 2009 waits for us on a global scale, it is necessary to remember that the Stock Exchanges usually anticipate ocn many months of advance the bad news, and that these have already reflected big part of these serious economic problems.

That probably we will see new descents nobody doubts it, but every time they are more those who join the car of thinking that the minimums might have been seen already, at least in this year, and neither it is less true that certain nervousness "sits down" for entering cinero and recovering a part of these piled up losses.

Values as Santander, BBVA or Iberdrola have been very punished. Unjustly punished, it is me who would say, up to irrational limits, and sooner or later they will recover a the majority of his value: why might not it be in this December?

It seems that in this occasion the increases have begun before the awaited thing, and already this week the Stock Exchange of Madrid has aimed at an increase over 11 %. Nevertheless the volatile nature continues in very high levels, and the volumes do not finish of repuntar. That's why it is necessary to walk with many precaution and to be continuously alert to all the signs if what we claim is to buy now to sell before Christmas.

Values for this December? that probably we think many: Santander, that although we have seen 4,9 6 days ago and now it is to 6,4 € it is not necessary to forget that it comes from 14 €. If it consolidates on 6 € why cannot we think that a small rapid return might happen up to 8 €? Similar graphs present BBVA that might look for the surroundings of 10 € or Popularly up to 7 €. BME is a value in which also I have putting enough confidence because they have punished it in excess and he might benefit from a possible final upturn of the bags. The same as Abengoa that has fixed a double support in 10 and who if it manages to consolidate and overcome 12 € might go away to look for 15 €.

December is usually a good month. This time there is a lot of more fear, but: why might not the history recur?

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