Member Info for Darth.Trader

by the relentless Federal Reserve activity....

https://markets.businessinsider.com/news/stocks/seth-klarman-fed-policy-infantilized-investors-decoupled-stock-market-fundamentals-2020-7-1029452512?utm_campaign=browser_notification&utm_source=desktop#

King, some of my associates of, like you, are still holding from 09...i got out in 09 and traded it ever since as its become a housewives favourite; however past performance is not track record for future performance, PI's should exercise caution and don't get over exposed in Lloy, not this time...

We will see barc @50pennies again....

Kingpopsy, yes i recall at the time lots of PI's who did not or could make previsions for one or both to be honest one of them wasn't worth it...
I should have gone with Barc back then....

https://www.lloydsbankinggroup.com/globalassets/documents/investors/2016/lbg_share_history_22dec2016.pdf

Lloy had a POO & RI in 09....

so did you take part in the POO & RI...?

Dec /08.....?

..Since 08, you must have bought in high..?, 09 / March was the low and it hit +£ that year then fell back never to see a £ again......

.....as Gold moves up.

meanwhile....

A Chinese Tesla competitor skyrockets nearly 350% in just 2 days after announcing it will launch vehicles in the US next month.
https://markets.businessinsider.com/news/stocks/kandi-technologies-stock-announcing-us-car-launch-tesla-competitor-electric-2020-7-1029451976?utm_campaign=browser_notification&utm_source=desktop#

..is peddling something.
https://twitter.com/economics/status/1288886466098147330

So far, default ratios have remained very low due to low maturing volumes, but stresses from COVID could change this, EBA said.

The Bank of England has estimated that the global leverage loan market is worth up to $3.2 trillion. The BoE and other central banks around the world including the European Central Bank have already begun asking banks about their exposures to leveraged loans.
“The relaxation of lending standards on leveraged finance has clearly increased the riskiness of these exposures,” EBA said, adding it was important that banks’ boards have a complete picture of exposures.

watchdog sounds warning note on leveraged loans.

Some banks in the European Union hold large exposures of increasingly risky leveraged loans that could be hard to offload if investor appetite were to vanish due to the pandemic, the bloc’s banking watchdog said on Thursday.
Banks have found the sector offering higher yields at a time of low interest rates, which have been cut further since March as central banks seek to mitigate economic downturns following COVID-19 lockdowns.

The European Banking Authority (EBA) said exposures at a sample of 26 European Union banks to loans made to highly indebted companies that typically don’t have an investment grade credit rating, totals 400 billion euros ($470 billion).

While this is just 2.5% of their total assets, the holdings are concentrated in a few large and highly interconnected lenders, EBA said.

“As the pandemic and the ensuing economic lockdown impair leveraged borrowers’ capacities to repay their debts, some banks may suffer losses related to the increase in credit risk and from their mark-to-market positions,” EBA said.

“Banks may also face drawdowns on the revolving credit facilities granted to leveraged borrowers and may be left holding leveraged loans that they intended to securitise or sell (hung deals) if investors’ appetite vanishes.”
https://www.reuters.com/article/us-eu-banks-regulator-idUSKCN24V2D1?taid=5f22e2f131ce9a000122a5a7&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

S4ndmod, if its' long term investment then wait...let this phase play out.

LD "Already a known fact"...

known but not priced in nor played out.....so you can pot on now :)

...not really, UK still have a wave of mass unemployment, defaults and the No Deal....

UK car production slumps to lowest level since 1954....
https://www.bbc.co.uk/news/business-53581935

Auto industry set to put brakes on central Europe's COVID-19 recovery....
The auto industry, long a driver of economic growth in central Europe, is likely to be one of the main drags on the region’s efforts this year to recover from the impact of COVID-19.

https://www.reuters.com/article/us-easteurope-economy-automotive-analysi-idUSKCN24V0QT?taid=5f22cc8bc2458000017cbd5f&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

" It's a bit like Lloyds, don't sell now, just hang on a bit longer, it'll all come good."....

bullaca.

COVID-19 tanks U.S. economy in second quarter, outlook shaky

Gross domestic product collapsed at a 32.9% annualized rate last quarter, the deepest decline in output since the government started keeping records in 1947, the Commerce Department said....
https://www.reuters.com/article/us-usa-economy/covid-19-tanks-u-s-economy-in-second-quarter-outlook-shaky-idUSKCN24V0FO?utm_medium=Social&utm_source=Twitter