I agree that Lloyds is set to do well in the medium to long term, but I believe it will get hit with other stocks when the market starts its next down leg. The markets are moving on sentiment and the wind will soon turn and start blowing in the opposite direction. The S&P500 is overvalued, the oil oversupply glut is set to continue, more bad news out of China soon, low global growth. I could go on and on and on listing possible knocks to sentiment. When I try and list any positives, in the markets, I struggle. The other thing to bear in mind is that fundamentals make very little difference when bad sentiment rules and nobody trusts the analyst ratings anyway.
I would think, around mid June, that poll results will emerge and headlines published stating that the gap between Remain and Leave is much smaller than thought, or that the leave camp is gaining ground fast, etc, etc. I'm only guessing, yhat the vested interests are cooking up some way of turning sentiment to their own ends. It might seem like a conspiracy theory, but it happens every week in the markets.
So how far the rally and how far the fall back.... views... Personally pretty surprised the SP has gone beyond 71.5 (more than enough to trigger the gov selloff)... I was holding fire on did re-investment until the SP went back to mid 60's.. but not at all sure it will now
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