RE: Banks set to benefit from robust economic conditions28 May 2024 14:22
Looks like all the political leaders now know to have a strong economic future we need to have a strong financial system in place. Non of the parties are negative about the banks now so all the rubbish about splitting up the banks or taxing them is absolute rubbish now. We will see soon bring on the manifesto, however I can not say the same for the energy companies so that sector is obviously under pressure.
As all the parties try to paint a positive picture of how life will be under xyz we all know it's going to take time and money however I can say we have turned a corner for the better. The property sector seems to be picking up, we all can now can see inflation has come down to manageable levels, hopefully the base rate will come down a few bp and the buybacks are doing what they are supposed to do..
So I'm very confident that the share price for Lloyds Bank is only going to go up hopefully we can get to 71p + by the end of the year. Barclays Bank just hit its 52 week highs today hopefully going on to attempt to crack the 5 year highs.
So Lloyds is obviously behind by about 25% but you can see the direction of travel for the shareprice.
The only few that will be sitting on the edge are obviously the ones on the wrong side of the trade simple and as clear as day. With daily leveraged changes it's not a good place to if you're loosing money and panicking so you begin to post utter rubbish on regular basis to drum up negative sentiment. You may also begin to loose your mind as well as your shirt and shorts...
I'm staying long on the banks and in particular Lloyds and NWG...
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