Olympic effect ?

Discussion in 'Trading' started by Kicking, Jul 6, 2005.

  1. London winning Olympic bid
    Is that why FTSE is going vertical since last week ?! ESTX 50 dropping 4 points on the vote. I really fail to see why people are making decisions in the market because of this . It's in 2012! I can't see how this is going to affect the economy in the next 2-3 years. That's ridiculous.
  2. terra firma wont be around by then.
  3. simp1


    Locals trade!!
  4. FredBloggs

    FredBloggs Guest

    its a joke anyway.

    london has to build a brand new rail, underground and road infrastructure for the whole city before it can sustain the olympics.
  5. I've got a feeling it could be good for London real estate close to the arenas. Should be able to let them out for a fortune during those two weeks. Probable going rate would be 1-2 years of "normal" rent for those two weeks, if the place has top-notch facilities and is in an ok area.

    (I lived 300 m from the Lillehammer Olympic slalom course back in 1994 so I've seen what happens first hand, although in a smaller setting).
  6. olympics does wonders for real estate of the particular city. aint it funny how soros has accumulated a lot of london real estate for the past year.
  7. Quiet1


    no the ftse's been going vertical mainly beacause the market has built in 2 interest rate cuts by yearend and the pound has fallen bigtime...both v positive for market...

    olympics in london is great - finally the greatest city in the world gets the games!