Member Info for Darth.Trader

..to open down @the open....

The ftse100 is down as it failed to break resistance, numerous times recently. China, stimulus was to some priced in but as we can see it is not. Brexit is not priced in and any bumps in the road will feel like meteors hit....

I also see the indicator is also playing out....but i can not take any credit for that :)

TP, yes, the jokey's pride is hurting,

Lloy SP retracing as fully expected...

A snowflake can be the start of a snowball, then an avalanche .......

TLF never had a position in Lloy until it hit 38pennies, he bought @the top thinking it was in recoVery.....

..and now for something completely different.
Goldman: old, rich Americans are selling stocks. Young, poor Americans are buying.....

As stated at the beginning of the week the TA is holding up, short term bullish, price Crosses Moving Average ,21-day. fully expected the SP to start to retreat.
Good Luck

Two ways to look at this yes, it’s nice to see the SP up from where they had been down, but they are down from where they were up....

TP, absolutely correct..i will, Barc is a good swing trade,

PI's come here to hide and stifle any outside material, but it's ok for the likes of LTI & Mrs Bucket AKA TFE to overrun the BB with arguments that had been ongoing what feels like since the referendum..
it's a complete joke.....

"" it's easy to criticise""

i did not criticise, i just stated that Buffett was sitting on cash, which they are and i showed the evidence. It is you who comes across as being a critic....

""As for Buffett, he’s been much more active of late, having faced criticism for his lack of maneuvering during the coronavirus meltdown. Still, Berkshire BRK.A, +0.19% , despite ramping up buybacks and building its position in Bank of America BAC, -0.70% , sits on $146.6 billion in cash."

Apologies it is $146.6 billion in cash, not $148.6 billion in cash....
X

https://www.marketwatch.com/story/warren-buffett-said-this-metric-signaled-the-2001-crash-now-its-sounding-the-alarm-on-stocks-around-the-world-2020-08-12

i do not believe for one moment the UK had felt the full impact of C-19, i believe the UK had yet to see this unfold as with other countries....
It is well documented the service sector will implode if a 2nd wave C-19 looks any like the first wave....,
Vaccine is what is required or they will be very busy in the War room calculating the numbers and probably thinking about taking the hits as lock-downs will become common and more damaging to the overall economy...., it's a complete farce, thay need a vaccine and meanwhile just get tough with social distance...needs policing.

yes global markets down, "Buffett Indicator" ringing true......? it could take a month or two.
Buffett is sitting on 148 bi££ion, he likes to keep around 35 billion for calamities ,as he states himself.
Buffett is renowned to pick up a bargain but he's not getting one at todays overbought market is he....
just saying...

...and so it begins, the filter is body popping probably some old fart mixing his drinks, coco and sherry...

Look SeismicCity I do not want to argue and yes at a glance one could make that mistake, the original post that started the thread was a projection into 2022 therefore i just went with it, future speculation no more no less, and applied my own take on it.
with this that in mind i do think consolidation is in play, it is quite ridiculous for UK biggest domestic lender to have an SP that would normally be on AIM....
Lloy had not been over a £ for 11yrs, this situation needs addressing but i feel consolidation is bad for PI's...

Warren Buffett said this metric signalled the 2001 crash — now it’s sounding the alarm on global markets..
DYOR

2020 govt backed loans will be just like 09 when the tax payer did not profit from the holding in LLoy....
One could argue that it was of benefit to the economy but seriously they should have just nationalised and gave the tax payers direct payments of 10k....

i don not endorse consolidations i consider the process sleight of hand; however others see it as beneficial and more attractive, but again some see it as putting lipstick on a pig. In Lloyds case i would not like to call it, as the UK economy recovers the bank services should be in demand but as globalisation recedes and competition grows people, clients will be tempted to switch and new clients may open accounts with smaller banks.....