... think! China $99 bn sold to prop up currency, deflation looming and reading articles in the Telegraph and Guardian appears we are on the brink of a big recession! Interest rates appear to be going nowhere until mid 2018 and are likely to drop if things detoriate further, U.S. Jobs data wobbly. Reckon this share won't break through the £1 ceiling for another 2 years, great time for a top up and/or buying gold. There are so many cracks in the dam, Lloyds will remain in the 'Twilight Zone' for some time yet. We are really talking another 8-10 years I trckon before any signs of reasonable returns are evident, best to think of as a nest egg, at least it's not RBS, your well and truly gone before you see anything there! Have good Monday!
Exactly, it needs the market to recover first ie get out of bear phase. I did not say called off permanently. It is actually better value to buy them now than wait for the b/e point even with the discount. But at the moment all banks look a very bad buy indeed. Much better fish to fry elsewhere.
A bear market is defined as one where the index is 20% down from the peak and a correction 10% down. It is not decided by anyone it just is. The average lasts 15 months with a total decline of 32%. At the moment we are in an upward correction in a bear market. No one knows what will happen. If we did we would all be millionaires
RE: BruceJamison: Is this the view held by most experts including the UKFI? How long is this likely to last? Months? Years? If this view is shared by HMG wouldt it not be prudent to call off the SID sale. Mr GO appeaed to imply that the SID sale would go ahead when calm returns to the market. IMHO calm returning and markets remaining bearish are two different things. GL
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