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Jonh46,
that explains it, the poster probably got cabin fever...thinking of putting of the posters pals in the sin bin to keep him company, i've called it Utopia only so they don't think bad of me...
china - yes but i'm sure they'll be stock piling oil for the foreseeable future....which will no doubt drive the price down further...
Darth,
Redial is an old friend of ours who lives in Madrid . He's obviously fine judging by his number of posts in the last 2 days .
As for Brent , At these levels , Chinese will be kicking themselves building 1 coal fired power stn a week , when oil will be cheaper .
john46 -
$1 Oil: Saudi Arabia's Attempt To Crush U.S. Shale
https://oilprice.com/Energy/Energy-General/1-Oil-Saudi-Arabias-Attempt-To-Crush-US-Shale.html
unless the President introduces a fee, which he alone can do without consultation the only person able to do so, then Oil Wars will drag on. US have enough surplus, china have made large orders recently.
Redial,
"Might not look like it now but after deflation comes re-inflation. Once that cycle starts then oil prices will most definitely be fluctuating at prices of $100-150pb and at that point a SP of £40 to £60ps would not be out of the question. Right now all the oil being pumped/sold for pennies will be the catalyst. it allows the huge growth to be funded for years to come igniting inflation."
Brent @. $100 pb , you must live in a parallel universe ! Do some research !!
i'll just filter you Redial as you obviously have issues..
Redial - i actually traded Barc as it had been more volatile, made a decent profit., it's called trading, PI's do this often.
move on...get over it.
Darth is obviously with the Dark side of the Force.
https://www.youtube.com/watch?v=O61Do03ZCjw&list=RDO61Do03ZCjw&index=1
its time posters faced facts and stopped attacking others for having an opinion..
Well said Fleccy and Redial,
There’s nothing like a couple of kids thinking they’re clever in uncertain and falling markets continually repeating themselves as if they’re some form of market gurus. They should be worried about their parents ability to keep a roof over their heads instead of pointlessly trying to predict the floor of a share price. Trevor and Darth, time you grew up.
SUFFER, LOL, for someone with an average over a quid after years and years of being invested in Lloy, lol
Redail, it is you and fleccy who had gone on and on, i have questioned his reason with my own opinion..
get over it...
"fleccy, i started excessive optimism, which you are clearly full off..."
Nope that's not me, i also have a healthy dose of realism. I'm only optimistic when it's warranted.
Anyone with Trader in their name and only been a member for only a few days, always gives me a giggle
fleccy, i started excessive optimism, which you are clearly full off...
https://psychology-spot.com/excessive-optimism-damages/
Redial, the posts to date have been correct unlike many on here, post from FT articles had even been slated which just shows you how one sided some actually are..
get over it...
redial
loads of kids on here posting total crap.
lSE does nothing but bans serious comment - deemed non topic by some posters.
WOS
"keep spreading your excessive optimism , which by the way is not a healthy condition and can actually do you harm.."
Actually optimism is a positive emotion. Doom and gloom merchants will always find something to moan about.
FYI fleccy...."loy ,I feel, is heading for a fall that will shock many again….it will take years to get over this but the CEO’s and the likes will be well remunerated for it.
keep spreading your excessive optimism , which by the way is not a healthy condition and can actually do you harm..
"Fleccy,
I honestly hope you're keeping well bud , long time no hear !"
Haha, i've been hanging around the BT board, too Brexity on here. None of us know what the long term consequences of this crisis will be, but the Government have thrown everything at it, so i think we'll emerge ok. I'm glad i'm not invested in Travel, leisure, or associated industries which is where i see lots of risk. My investments are in Telecoms and banks, which i don't see at risk from the virus. My investments haven't done well, but i see that changing once this virus is done and dusted.
fleccy - were have i written the bank will fail? i have actually wrote the opposite in one of my post ., "CEO's will continue to be remunerated"..
we are far from Utopia is my stance...
Fleccy,
I honestly hope you're keeping well bud , long time no hear !
I did point out 3 yrs back houses selling for 5% yield whilst mine underwritten @ 8% . There was something wrong with the system then and this cv lark has only brought it to the fore ! Businesses are going to be stripped of the fat they had in their equity , making it harder to borrow against , slowing down this recovery .
Following this mess , there has to be a new world financial order , whereby free market forces Globally are independent of political posturing .
"in recession, mass unemployment and many people struggling in poverty and lloy not paying a divi, but apparently kitchens will be cheap..."
Darth, if the banks fail, everything fails. Under the circumstances you imply everything would go to the wall no matter what you're invested in, cash, or whatever. The banks aren't at risk, because the Government would protect them under any and all circumstances. The truth is, the Corona Virus will end and things will return to normal and anyone who fears investing at the current bargain valuations will miss the boat when the market recovers. Feel free to keep posting doom & gloom, sit on the sidelines and miss out on the current opportunities.
misselling - autocorrect prefers misspelling
Fleccy. You are ignoring the millions already lent to SME's prior to Coronavirus not to mention the millions in personal loans, often to people with no underlying assets who could well struggle to pay. Lloyds could have withstood this without stopping the dividend but it was the prudent thing to do and the regulatory and political compulsion would have made the decision to pay a dividend commercial suicide.
There is a reason Bank staff are considered key workers in this pandemic. They are not putting their lives on the line like the true heroes and heroines within the NHS / care home and the like but the whole infrastructure around which we live has money transmission and availability of credit at the heart of it.
The Banks will do their level best with hard working staff working long hours having very difficult conversations with people in understandably stressful states. It annoys me when people come on here bleating about misspelling PPI when I bet you 95% of the staff working in Banks were not even in the business when this was being sold.
I wish people would stop looking to the past and categorising Bank staff against cartoon characters that you have in your heads from the greedy 90's - that is not the case any more. There is an upper management layer that can easily afford to forego their bonuses and I hope they do - either voluntary or under compulsion but for the cashier on a low basic the odd few hundred of bonus can be very handy to make ends meet. There will be many past and preset staff I think reading this board because they trusted their employer and brought shares on share purchase schemes ....and many will be regretting having done so I am sure.
Rant over!
"Well lets see where we are in 12 months, a lot higher than where we are now i bet."
in recession, mass unemployment and many people struggling in poverty and lloy not paying a divi, but apparently kitchens will be cheap...