Rather than being the globally destructive event - from all the vested interest groups in the status quo - a US senior banker suggesting
US rate rise on table - and as a side - saying Brexit not internationally significant
From BBC business live
Federal Reserve Bank of St. Louis President James Bullard has hinted that a US rate hike in June is on the cards.
In an interview with the BBC, he says: "It’s been a good thing that the market probability has moved off the very low levels that it was 6 to 8 weeks ago. It’s come up to something that’s more positive and probably better reflects the reality of the probabilities going into the meeting."
He also doesn't believe the risk of the UK leaving the European will affect monetary policy.
"As far as a global financial event, I’m not sure that this is really all that critical," he says.
"It is certainly important for the UK strategically... but in terms of global financial markets and the way has to Fed behave or not behave, I’m not sure it has much impact on that."
Would be nice to just hold Lloyds shares. Sadly for the past year or two I see Lloyds as a bit of a bunny share goes up and down but not really going anywhere. For now, I'll book profits when I can, waiting for that illusive trend when you can go to sleep on the share and enjoy the divi's but not yet. I guess the share drop over the last couple of days is somewhat expected, has had a good run, bit of profit taking, fear of the 73.5 and govt offloading a few shares, recent fund raising request from the Spanish banks, Yellens speech which is forecast to be doveish. Who knows, perhaps this share is manipulated. Barclays is up cos one of the analyst upgraded it, yesterday I think to a most generous price of £220.
I am pleasantly surprised where the SP is currently, surprised it's over 70p at all, thought it would be around 65-68 zone until Brexit. I have been a holder for a long time though and have never tried to trade, partly through lack of time, and worry I'll get the timing wrong! Well done to those who do it successfully, hope you haven't missed the train. (Well I do, because I don't want it to drop, but you get what I mean) hopefully another nice little divi announcement in 2 months. Remember people, if you're worrying about the shareprice it means you've got more than most!!!
I have been a long long time reader, however, have never posted until today!
The 2013 Lloyds Sharesave has now expired and the 1000s of staff who took it out can sell their shares from the 1st of June. The 1st of June will see a large volume of of people converting their options into shares and keeping the shares but also a large number of people selling the shares - does anyone think this will affect the shareprice much?
Yet another day - yet another day where Lloyds more down than other high street banks.
Sometimes think people don't want the SP to rise enough / for long enough - for the government to float.
On the subject of float - if the gov't does float at a discount - (5% and 10% bonus shares - I think at £2bn would be about 4-5% of total shares ) - does this act as a SP dilution for the current holders in some way ?
However, as per usual - Lloyds SP stinks against other banks.
Is it just that there are - relatively speaking - too many of us watching for the smallest dips / rises and taking short term views. ( Lloyds trading volumes are about 5/6 times those of Barc / HSBC and > 10 times that of RBS )
Stuggling to get back any of late Tues / Wed gain - but always worried when see rapid swings.
If swings up too quickly - we look to take short term profit If swings down too quickly - we look to get out before we end up at the bottom - and frequently overshoots - so those who spot late - frequently lose more.
Would be happy for today if doesn't suffer any more large sell-offs - ending up in the mid 72.x's or above. - before the bank holiday. ( Despite being down over 1.4p - nearly 2% from Wed peak, still be up on the week ).
Guess might need to see what US GDP and then Yellen et co says today about US rates to lift back again ?
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