Unfortunately I never seem to be able to hit the top when i'm selling, or the bottom when i'm buying. You're right when you say nobody knows what will happen, I thought Barclays was going to drop to the mid 130's when the divi was cut in half, but here it is in the 180's. Although individual shares can surprise, I think the macro situation is easier to read and I think things look bad. Check out the EU referendum, the elite are scared 5h!tl3ss at the prospect of a Brexit and it shows through in all the rhetoric. Cameron trying to say that Brexit could lead to World War 3 and all the other possible scare stories being generated, it's like watching a new series of Crackanory. The world's a fragile place. at the moment and as one apparent risk subsides, another pops up in its place. The world is gripped in a giant game of whack-a-mole lol and that's why I think the markets are overdue another trip south.
Need a good start tomorrow and push on up to73-74p! This is a fantastic share and will pay us all with buckets of profit one day very soon! Vote to stay in,final sell off and get your buckets ready! Let the black horse free and keep the faith- not long now.
Your recently viewed shares Price Change Lloyds Banking Group plc 72.81p negative -1.26% Barclays plc 184.8p negative -0.51% Standard Chartered plc 549.2p negative -0.97% HSBC Holdings plc 445.95p negative -0.10% Royal Bank of Scotland Group p 248.6p negative -2.89% Today's winner was 1. HSBC down 0.10% 2. BARCLAYS down 0.51% 3. STAN down 0.97% 4. Lloyds down 1.26% 5. RBS down 2.89%
"...but I think there'll be more opportunities to jump in at much lower than the current price" - there speaks a man who recently sold out at 70p...sorry fleccy, I couldn't resist :-) As we both know, nobody knows!!! ATB, Scfc
The 10-15% retracement is highly speculative, but not impossible in light of the headwinds that are ahead. All it would take is for a turn in the polls and some other negative global sentiment from elsewhere. I don't think there's any doubt about the negative pressures that are building up and the market is very skittish. Nothing's changed with the S&P being overvalued. I'll be very surprised if oil doesn't start heading lower again soon, the supply will continue to outstrip demand. Anything could happen in the emerging markets, especially around US interest rate rises. If the EU referendum is Remain, then the relief rally will likely be short lived, even if it's quite steep, but the markets will soon start focusing on the next crisis. As I said previously, I don't know where the next flash point will be. Could be the migrant problem into Europe, or it could be derivatives imploding, or France going into crisis on the back of the current issues, etc,etc,etc. I think people who invested in Lloyds sub 70p will do very well going forward, but I think there'll be more opportunities to jump in at much lower than the current price. Just my opinion, but I have an interest in the price dropping lol. Can anyone tell me where market optimism might come from going forward?
"Banks on both sides of the Pond retreated following their recent strong run, although some analysts in the City were also referencing a report from the Financial Ombudsman showing that payment protection insurance remained the most complained about financial product, while complaints about packaged accounts and payday loans had surged".
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