I heard a great clip on Sky News a the gym today and thought you'd appreciate it. The presenter was commenting on the falling equity and oil markets and then said "even some central bankers confess to being blindsided by current events"
Why blame the politicians for PPI - nothing whatsoever to do with them! Sadly these events are not unprecedented. In the 70s Lloyds fell below its then notional value of £1 - 92 p to be exact. Everyone wrote them and the market off. Then they shot up and stayed there over a 6 week period.
I had my finger hovered over the buy button for 100,000 shares in GKP years ago at 5p. Didn't do it....it's the experience of winning, and more importantly losing that makes us better in the long run. You just can't have regrets, especially 400k's worth ;)
shorting lloy (to be closed over next days) Bdev since January ( post history) and I havnt been aggressively trashing lloy on here but just hoping others wouldn't hold and lose more rather than banging on about an investment obviously going down since 83p indicator.
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