Member Info for Darth.Trader

Hollybean, either way the SP is going down as the defaults come in.

Unthinkable Low.

DYOR

Hollybean, I agree, raise rates....the sector is about to huge take hits,
DYOR

..expect rise in mortgage and loan defaults

"British lenders expect the rate of defaults on mortgages and consumer loans to rise during the final three months of this year, and plan to raise interest rates and tighten lending conditions, a Bank of England survey showed on Thursday.

The BoE’s quarterly Credit Conditions Survey also reported that lenders expected demand for mortgages to stabilise in the fourth quarter, after rising in the previous three months, while consumer loan demand was seen increasing."

DYOR

"U.K. banks are not yet ready for negative interest rates, the chairman of NatWest bank says"...

DYOR

British Prime Minister Boris Johnson told the head of the European Commission, Ursula von der Leyen, that he was disappointed there had not been more progress in Brexit trade talks, his office said on Wednesday.

“The Prime Minister noted the desirability of a deal, but expressed his disappointment that more progress had not been made over the past two weeks,” his office said in a statement, after Johnson spoke by phone to von Der Leyen and Charles Michel, president of the European Council. “The Prime Minister said that he looked forward to hearing the outcome of the European Council and would reflect before setting out the UK’s next steps in the light of his statement of 7 September.”

https://www.reuters.com/article/us-britain-eu-johnson-call-idUSKBN26Z2XJ?taid=5f877750def85100010b94b8&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

DYOR

The rush is on to transfer wealth...

https://www.cnbc.com/2020/10/14/rich-kids-could-get-hundreds-of-billions-from-their-parents-if-biden-wins-.html?__source=twitter%7Cmain

DYOR

On the weekly chart The Dow closed a Gap Down, ( created on the 24th Feb) , on the 31st August the DOW high hit 29197. After the sell off in Sept the Dow recovered to a 28958.
May well see a challenge of the Feb high but again probably see more Selling into the Rise, I dont see the high of Feb being taken out...
Not oversold on the Weekly or the Daily...
DYOR

I hope that the stress test they carried out are proved correct and that they can handle X8 the amount of normal trading , going to get very volatile, lets hope they have serviced the brakes...

DYOR

Bearish..

https://www.investopedia.com/terms/t/tripletop.asp

DYOR

Triple Top.......

DYOR

Robert Peston tweet.....
"The odds of a UK/EU free trade agreement are - in my estimation - quite close to 100%. Though I don't suppose anyone will admit to that. The outstanding issues (how often the fishing quota is renegotiated, enforcement mechanisms for state aid limits) are so conspicuously..."

DYOR

ASP1,
"Who's up for the "Labour Lockdown" ???"

Something tells me it will happen, very worrying for many people and businesses and the NHS...
Lockdown was not strict enough, eat out to help out was a placebo, the timing of this 2nd Wave can be compared to a perfect storm..

DYOR

Theosus,
tbh i'm not Labour or sTory, corruption in politics, from local to national, is a given and we seem to accept it.
come the revolution...! seriouslty though some of these politicians could not find their backside in the dark
I recall many years back when Labour was busy invading other countries that a politician had an interest in a small factory, NI i think....

EU, Again i think it is the largest white elephant known to man. I'm sure the chickens will come home to roost in the EU..
DYOR

"European Union leaders meeting in Brussels on Thursday and Friday to discuss Brexit will say that progress in talks with Britain is “still not sufficient” to seal a new trade deal, according to a draft summit decision seen by Reuters."

This will not help...
DYOR

TP, Hi,

Mrs B are you angry because the boy posted about NIRP....

DYOR

Boy,
"Darth has forecast it will happen by December this year. Let’s see who’s right......"

this is not a popularity contest, yes i have stated that we will see NIRP in Dec but not once have i stated that i wanted it to happen. Reading the road ahead does not mean i 'm responsible for all the other drivers on the road....
DYOR

I would think COVID-19, city Lockdowns, talk of a national lockdown , will have a say in this......

DYOR

https://corporatefinanceinstitute.com/resources/knowledge/economics/negative-interest-rate-policy-nirp/
DYOR

Highveld, it was not a comparison of companies or index it was about UT....which happens on any listed stock...
DYOR