Agree. Wouldn't even surprise me to see a technical recession in near future. But the long bull run hasn't exactly been reflected in daily lives. Probably the most artificial bull run ever. QE and so on Some day, the plug gets pulled as always. Overdue a recession anyway. Clear the air. Cheap shares once again.
Overjoyed the sale was not approved. Personally whatever may be said to the contrary I believe we would have ended up losing out really badly if this had been approved. Germany would have ended up robbing G B of as much business as it could whilst a handful of wealthy connected people ran to the bank with their huge windfalls and left the rest of the country to it. It is time our respective governments all stood together in protecting us instead of petty arguments for the purpose of self points scoring. As difficult as it may seem I am in favour of. Austerity until we are back on a solid financial footing. Thankfully a labour government is a long way off or we could be heading back to a spending disaster again. Sorry to be so political but I don't think spending and huge debts are common sense for either the public at large or governments.
I'm inclined to think that the triggeribg of Article 50 may already be factored into the share price, as it is out there now. Nobody can possibly know what the short or long term effect will be on the UK or the markets in general, some posters are convinced of doom and gloom and total meltdown, I personally think there will be very little effect as the whiole process will not happen over night and therefore there should be no big surprises to shock the markets which hopefully will remain fairly steady and stable. As for Lloyds, and I may be wrong in my thinking here, but as it is mainly a UK focused back then maybe any uncertainty should be limited, just saying!
And this, will likely be the 'trigger' of our Summer of Misery:
The pound had come under selling pressure on Friday following media reports about the Scottish independence. Last week, the Independent reported the Scottish government is seriously considering a second independence referendum next year. On Monday, The Times reported that U.K.'s Prime Minister Theresa May is preparing for the Scottish government to call a second independence referendum to coincide with the triggering of Article 50 next month.
Perfect storm for the 'start' of our fall, yet plenty worse to come as the talks and hopes disappoint the hopeful.
Given the indices rises in the last few months, you really have to ponder is there much more investing money out there this period. Looks like an 'all in' period , which often leads to an all out. Interesting month or two ahead.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.