RE: The play4 May 2023 18:12
There has been big drop in UK markets today, to be honest.
shorts took a position based on the global financial situation, primarily seems to be driven off US Fed and Europe CB doing constant f-ups, along with the other CS's.
These central banks are complete f-ing d*gs, and don't have a f-ing clue what they are doing!! Making people pay more money on interest, doesn't mean they are spending less - it means they are spending more on interest - FULL STOP!!
They claim 'interest rate increase' is supposed to encourage saving. How the F do you save, when you are forced to give on mortgage etc, and have the same difference left in bank account, if not less.
I don't like the shorters one single bit, but they have read the markets and gone short on many stocks, ALTHOUGH - PFC has been resilient and can easily jump on sudden news. Based on what I have seen lately, I feel like PFC have got news to release on strategic basis - meaning when they need it the most - which could just be at times like this. Just my thinking....