Member Info for Darth.Trader

HMRC's Jim Harra: "We will be focusing on is tackling abuse and fraud."

DYOR

I wonder how that is going...

Coronavirus: Up to £3.5bn furlough claims fraudulent or paid in error - HMRC
DYOR

No Deal and UKX.L will test the 09 low but before they throw the anchors on will it be breached....?

as stated before No Deal and this will go low, lower than you can imagine. No Deal is NOT priced in and it's in the mid 20's, think about it, its about half its value now and yet house prices are at a all time high, mortgage holidays, staff on Furlough,
we 've had eat out to help out over 1 mi££ion meal served up, all manner of incentives to aid a recovery and Lloy is not exactly galloping away here....

the worst is yet to come...this horse is starting to look like Buckaroo.

BoE stated a Slower recovery to be expected and the UK economy to shrink by 9.5% this year.

While this would be the biggest annual decline in 100 years, it is not as steep as its initial estimate of a 14% contraction.
DYOR

The Governor of the Bank of England has backed the government's decision to end its furlough scheme in October.

DYOR

"“Is there any correlation between Lloyds sp and bread?”"

none, as bread, during the process stages, rises....

the so called mini property boom and fast action sales are a result of a UK panic, frenzy buying akin to raids on supermarkets for toilet roll.....
my nephew put in a offer only recently, full asking price, and the owners came back and said he will have to beat the latest offer and requested he up'd it another 20k...to which he said no....

"I'm not to worried about the housing market this time around as they have not been lending 125%of the value of the property so the risk is a lot less"

this is true however property is over valued, so when the bubble burst it will be worse.

History Says A September Stock Market Crash is Overdue, Even in 2020

A cyclical pattern in equities markets suggests a stock market crash is on the horizon.
The present is alarmingly similar to that of 1986 and 2000 when the S&P 500 fell 8.5% and 5.4% in September after a bullish August.
The professionals managing big institutional money are taking shelter for a September market crash.
September is historically the worst month of the year for stocks on average since 1950. There are many theories why. One goes that money managers back from vacation in the summer exit all the positions they were planning to sell. But whatever the reason, equities are usually on sale in September.

This September, though, is complicated by a number of odd factors. They make a major selloff a bigger risk for buyers and holders of equities pushing benchmarks to record highs.

..Theosus if that wasn't enough we , the UK , have Brexit No Deal to navigate. I just don't see the markets not factoring in No Deal in prior to it possibly happening. The great wealth transfer will be ahead of the game, as they say so to speak, "if your stocks are soaring and the future looks grim Sell..!"

Theosus, markets will try to sell us the idea that rotation is in play and use cyclical trade that we might be starting to see some rotation in to, but that’s a red herring, fool me once, fool me twice…the II’s will be back at the desk after their summer breaks and they will be honing in on any up and coming events, fear will transfer to the markets the next two months will be carnage….

The TA is looking bad, maybe US / UK stimulus will help but the potential for city wide lock-downs enforced prior to the busiest time of the year especially for those who rely on footfall this time of year retail, pubs, xmas breaks, airports etc will be worrying to say the least.
This could have been prevented with strict law enforcement from the start….and we could well be looking at “V” instead of “W”.
It had taken almost 12 months for Wuhan to get back to some normality, they had been very strict, we haven't even got through winter yet...!

Massive swings ahead….

....launching a share buy-back programme.

Leeds has been added to Public Health England's weekly watch list of areas of concern, after its seven-day infection rate rose to 32.4 cases per 100,000 people.

The city council said the data suggests a lot of the cases are in different areas of the city, meaning they may be linked to social interaction and leisure activities.

"The spread is broad and changeable across wards and cases have also been increasingly detected in younger people aged 18-34, with some concern over activities like house parties and gatherings," it said.

There will not be any further restrictions on Leeds at this stage but it does mean increased monitoring of cases and potential additional steps in future if the infection rates do not start to fall.

Council leader Judith Blake said: "This rise in infection rates means that inevitably, our window of opportunity is shrinking by the day and the city is rapidly approaching a tipping point."

Key coronavirus forecast predicts over 410,000 total U.S. deaths by Jan. 1: ‘The worst is yet to come’

Covid-19 has so far killed at least 186,800 people in the U.S., according to data compiled by Johns Hopkins University.
The model by IHME, whose models have previously been cited by the White House and state officials, forecasts that the death toll will double by Jan. 1.
IHME released three projections based on different assumptions: a worst-case scenario, a best-case scenario and a most likely scenario.

DYOR......

..on?

i would be weary placing a short on MrJones atm...
give it an hour...

Bull Trap...

The S&P500 hit an all-time high price earlier this week, with a forward P/E multiple surpassing the dot com peak of 27x, printing at 27.02x. These mind-numbing valuations (before Thursday's panic sell) have been met with intense insider selling as corporate executives dump billions of dollars worth of their stock into unsuspecting Robinhood traders.

Data compiled for the Financial Times by Smart Insider shows insider selling by 1,042 chief executives, chief financial officers and company directors in Aug. was the highest dollar amount since Nov. 2015. The total number of execs disposing of their stock as valuations, in some cases, surged beyond dot com levels, was the highest since Aug. 2018.

DYOR

Warning Flashes As 'Downbeat' Corporate Execs Dump Most Stock In A Month Since 2015....

DYOR