Bloomberg: 'Banking stocks are being battered for fears that the political uncertainty in Greece could turn into a region-wide financial crisis. If the left-wing Syriza party gain power in Athens it could be the first domino in the eurozone to fall. '
Yeah, gut feeling. Definition: (idiomatic) an instinct or intuition; an immediate or basic feeling or reaction without a logical rationale. I don't claim to be an expert, i was just expressing a feeling, in other words a guess.
Low oil prices would be good if there are being passed on, when oil price was on the up, the energy companies were the first to hike their prices and now that oil prices have come down, none of the energy companies have put down their prices. There needs to be more supervision in the energy market.
Low oil prices is good news for me as an house owner heating bills , car driver and good news to the logistic company’s who delivery the food to our supermarkets and shops etc. we all have more money in our pocket to spend on our Barclaycard’s
So why the hell are Banks share dropping like it’s the end of the world is beyond me cos it’s good for me and you and my Bank we can all go out any spend and keep the UK recovery going
Shaunymac, i'll be gobsmacked if you get a straightforward technical answer from Kov on the £1.75 figure. It's not the first time he's mentioned that figure. Maybe it has some mystical meaning, much the same as the number 42 in Hitchikers guide to the galaxy. So it's quite likely that he was consults with his pet mice and invests accordingly. I don't believe anything people say on here, the best we can hope for is that we guess correctly. Greece and the price of oil are the issue at the moment, not Barclays. Whether the low price of oil leads to a more general downward trend for financial stocks, remains to be seen.
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