Looks like the hunger for the far right is coming to an end , as people are seeing thru the lies, although i still wont be surprised if le pen wins as i posted earlier ,their is an appetite for her type these days
by a full 2% for now but that may change as the bigger cities votes come in. Even so he is by miles the favorite to be the next French President. I believe Trump was a major moment for LePen. Not in the positive way she expected. Instead, normal centrist people were horrified to see what a wild cat far right president can do to a modern country. Years of progress on so many issues halted or reversed. Throw in the fact that if the French see the British go one way they see the opposite road as the right one. Of course there are risks for the next 2 weeks. The very people LePen hates the most are sure to try and help her win by instilling as much fear in the French voters as possible. They see her as an ally in driving as big a wedge as possible between Europeans and the vast majority of normal Muslims. Hate thy neighbor, fear them, isolate them and then create a them and us society across much of the world. Hopefully the security forces are fit to keep everyone safe but France ( or even Europe) has the potential to be a dangerous place until the election is over.
But put that to one side for that for now, all of a sudden some things are sure to change and to the Good for Bkir in so many ways. (A)... The ECB policy is sure to strike out on a new path now. (B)...Tonight ( even though May already knew it already) the UK finds itself in a very isolated position on the edge of a continent it potentially has to by pass for trade. That's not going to be let happen but that's what some want the UK to do. (C)...Expect the AIB share sale to begin asap and get that donkey off our backs. By morning a weight will have lifted off Europe.
What do people think of BoIs 30-to-1 share consolidation plan. This in effect uplifts the SP to €7, If they do go through with it it just means if the SP falls it will have a long way to fall from €7 rather than €0.25. I can under stand the logic behind it as the SP is very fluid at the moment and they want to bring in the long term investors rather than the day traders.
Roughly 25% more shares bought today than were sold - Market Cap 7.9 BLn is up a touch - uncrossing trade is positive - all in all this is steady as we go surely.
In all the circumstances at the moment, Political uncertainty being the principal concern after the last result here, Dave and George disappeared but were replaced by Boris and the resurrection of Bill Cash and the other old waxworks in his gang Redwood et al.
Am beginning to wonder how fruitful a pilgrimage would be, particularly if it were to somewhere peaceful like Syria - I just feel that a nice peaceful distraction would help to settle my nerves - which is bound to improve my putting.
Have a great weekend all and let us hope that there are no more bloody incidents.
Remember Le Pen is not a dictator. Unlike Erdigan she has to act democratically. But of more concern is Beppe Grillo in Italy/ Sitting frighteningly high in opinion polls. And the Italians generally HATE the euro currency!
Well if it's the end of the week it must be hammer the SP time, to kill any recent gains going forward. They have been working hard on it all day, and yes we are by a long shot the worst performing Bank share today! Everybody else green and we are down nearly 2%.
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