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Good afternoon - valid point.
One of which newbies / millennial's need to bare in mind . . . though some of us on here are old farts, seen many a crash.
One of which I was speculating to happen back in 2016 , delayed by Brexit, Q.E . . . covid loans, NATO provoking Putin ect.
There will always be a carrot in front of us donkeys.
As they say "The trend is your friend" CFD's work in both directions.
Must dash, wish you all well GLA
This is not oversold, it will go lower. Stay on the sidelines, a big crash is coming to the market.
The market has been midrange for too long and failed to break out repeatedly.
It has one way to go, which is down and back to well established support lines, but this crash will be massive.
It's the start of the US collapse and the end of US hegemony.
US alligned economies will see a collapse of their currencies and spiraling debts.
Housing markets will be in tatters with people forced to face the harsh reality of negative equity and a burst bubble.
@Triumph1 - "Who picked themselves a bargain over in the US yesterday?"
Only for a few seconds boss, the occasional few seconds and minute or two, before being aggressively gripped by the scruff and shown the door.
In fact yesterday was so good, from half past noon I identified myself as a dog, in a street full of new lamp posts.
Apart from the elephant on the screen, Barcs sub 150 . . . currently trying to turtle head its way out of 140's atm lol.
Though a quite rightly pointed out by others "Apples and Oranges" with our UK ring fencing. Which has been just as negative for the banks stats / balance sheets having to accumulate and sit on such reserves.
Only then for the BoE ((F'B Bailey) to insist on Barclays to tap into them reserves and throw them a fraudulent covid loans / wasting vast amounts of admin costs chasing bad money, whilst us share holders pick up the tab.
Personally Barclays should tell Bailey and the BoE to stick the fence up their ring, crack on and do what they do best, loan money to who ever they want, open up the Dark Pool again, pump up the share price to £5 ( we wish lol) and watch it all go to 541t again . . . by which time I would have trailing stop set from £2.50 and never look back lol
I hope your comment ages well, triumph1, but IMO it is a little early to say that. Again, I want to see how the US fares later today. Plus we have CPI data and some other important material in the next week or so too. Agree regarding Schwab. Thought about taking a small position yesterday, but trying not to burn through too much of my dry powder, because I think we are by no means out of the woods yet. IMO, if they continue hiking rates, this will increase the pressure and risks on the banking sector. If they pause or pivot, good luck getting inflation under some semblance of control. All roads lead to hell. Some routes may be more scenic. Not saying we will not come out the other side eventually, because we almost certainly will, but not before several more significant events in the stock market and probably the bond market at some point too. Which many of you will be aware is not only about three times the size of the stock market, but also where the 'smart' money is. Anyway, enough ramping from me for one day! GLA.
Who picked themselves a bargain over in the US yesterday? Crazy first hour.
First republic bank and charles schwab. First one not for the faint hearted, but the rewards could be huge if a fully fledged bank run doesnt occur (already starting to peter out), and Charles schwab....very odd why that dived so much. Their primary business is not even banking. All bank stocks are a steal. Especially some regionals in USA.
Morning Jay
You missed some action yesterday, my fur was statically charged on the Dow between not long after noon.
Those sneaking sods tried a hard to shake of the riders, though the momentum made it far easier and not too difficult to hold onto the rodeo bull lol.
Managed to snatch back quite a few decent attempts before getting stomped on.
FTSE trying hard to take a grip though the oilies now taking a touch concerning speculation.
Trust your polishing up your trigger finger for a subtle trend, no need on here with Barcs though, we could even see the Bulldozers steal a few more points before they move.
Lets not forget the Old School saying , “Sell in May and go away, and come on back on St. Leger's Day,” but over the decades it's been shortened to, “Sell in May and go away.”
Tech' put an end to them ole days .
US seemed pretty flat yesterday tbh, the FTSE seemed to take the brunt. But then the US never rallied with the same intensity as the FTSE in Jan/Feb. All eyes on CPI.
Morning Mr A - Have you filled your boots yet ? . . . The sheep on the other side of the pond have stopped bleating, took them long enough to settle down though ! Spied a few lambs getting fattened up recently, hence been throwing a few projectiles at the flock lol.
Mrs Wolf's got the oven ready and hopefully up to temperature in the next 48 hrs. . . unless as some like to point out 'The proverbial hitting the fan" again.
Just gutted, the only time I take my eye off the ball (Leave the den) we have some long awaited action.
Did even post its triangulating and looking to short at 174.
The bigs boys had this set up from the beginning of the month, blatantly obvious.
It doesn't take much to wipe off the the retail money, just above their averages.
None of us have a crystal ball and the charts are only an indication, market sentiment / hysteria is not always a bad thing.
Might have to send Mrs Wolf off to Cash Convertors with her collection of shiny stuff, if I've judged this one wrong lol
Regards W'
Seems reasonably stable today so far. Might be a different story when America wakes up, will wait and see.
For the record the Buy-backs started yesterday. just over 10m purchased and cancelled yesterday. For what it was worth… See Barc Live RNS icon to the right of the Barack Share Chat icon.
Regards, MrA
Warsaw, well said. More chance of backing a winner at Cheltenham time thinks?
Regards, MrA
There's also the budget on Wednesday and for those that are interested the Gold Cup later this week.
…that inevitably will affect the Stock Markets. Not an exhaustive list, but key dates nonetheless.??
Tue 14 Mar 23 US Inflation Figures (for Feb 23)
Thu 16 Mar 23 European Central Bank (ECB) Rate Announcement
?Fri 17 Mar 23 EU Inflation Figures (for Feb 23)
Wed 22 Mar 23 UK Inflation Figures (for Feb 23)
Wed 22 Mar 23 US Federal (FOMC) Rate Announcement
Thu 23 Mar 23 UK Bank of England (BOE) Base Rate Announcement
Regards, MrA
…that inevitably will affect the Stock Markets. Not an exhaustive list, but key dates nonetheless.??Tue 14 Mar 23 US Inflation Figures (for Feb 23)
Thu 16 Mar 23 European Central Bank (ECB) Rate Announcement?Fri 17 Mar 23 EU Inflation Figures (for Feb 23)
Wed 22 Mar 23 UK Inflation Figures (for Feb 23)
Wed 22 Mar 23 US Federal (FOMC) Rate Announcement
Thu 23 Mar 23 UK Bank of England (BOE) Base Rate Announcement
Regards, MrA
The bigger UK banks have massive amounts of liquidity with many billions of cash and cash equivalents held in reserves and ultimately, assuming they have not messed up like SVB, should be able to rely on BOE as lender of last resort to pump in more liquidity if there was any threat of a run on deposits. Confidence is key with BOE backstop. Unless they are hiding something, it should take a massive shock to bring one of the big UK lenders down.
Clued
Banks can take a £1 deposit and lend out £4 based on that deposit, no wonder it all falls to **** when everyone starts to withdraw their money
I'm surprised these banks allow 100% Instant Withdrawal of millions, there should be a Notice period above a certain amount and/or % of one's deposit balance. Even personal instant access bank accounts generally have daily limit withdrawals, eg £5k or £10k... No bank has enough cash on hand to pay instant withdrawals if 20%+ is demanded all at once..
Two usa banks fail ftse 2.5 per cent down whilst dow flat illogical gla holders regards jack
Dont compare apples with oranges, totally different regulator regime. Trump relaxed regulation on regional banking in the US.....
Today has convinced me more than ever that they will crash the economy but before doing so will ensure they and their friends profit as much as they can through naked short selling and pump and dumps.
Looking at the previous 52 week low in the 130's I fear this may one still have a way to fall among all the general uncertainty and low economic confidence. Is 135 the time to buy?
Yes Reducer - sounds about right. A little over a year ago, SVB's market cap was materially more than Barclays at $44bn which suggests the market is not that good at pricing risk.
Fear and greed, no prizes for where we are on that gauge.
Great buying opportunities. Shame I bought to early, poor timing, but didnt expect it to spiral. It has dropped a long way so some technical barriers to overcome, but this is no 2008
Hehe i was joking, obvs opposite assets are up today, but I am a bit gutted I'm off today with my little one, FTSE was a great play today with little in the way of pullbacks, just stacked reds pretty much all the way down from open, day traders dream lol.