I've seen this sort of stock market climb before, with the vested interests touting reasons why the market is going to climb to stratospheric levels. Greece and Ukraine news wouldn't have had the effect it's had in a normal market. Some are saying that the US is overvalued by at least 30%. I do wonder if stock prices are being inflated by the market makers to suck in as much money as possible, at an inflated stock price, before the bubble is pricked. My opinion is that a correction/crash is very close, but that is just my opinion and it's probably wrong, so people should draw their own conclusions.
Bonus pool was cut, when loses fines are confirmed very often the price goes up, new technology and efficiently are the reason for job cuts and no need for a rights issue. Takes two to make a market and I'm not the seller. Good luck and hope your wrong!
Expect to hear news of our potential fines and funds put aside: FX, Dark Pools, Swaps, PPP and what else? Oh Yes, probably a £Billion for Bonus'es, then another 10,000 job losses to pay for it. Can't have a rights issue...done that last year to pay for them.
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