Lloyds Banking Group.17 Feb 2022 09:15
Putin's got the West in a state of confusion and the FTSE seems to be following, lacking direction.
The news outlets show a couple of tanks being loaded onto a train and they report it's all over and Putin's backed down. Meanwhile it's reported that Russian troop numbers are increasing on the border.
With oil and miner stocks following suit, leading the FTSE direction, he could keep this up all summer.
The West is frantically trying to identify Russian oligarchs' assets and all the while we wait for Lloyds final results next week.
Does anyone think that no matter what the results tell us, it is likely to be met with a damp squib by the market with the SP following on.
Just when some were planning to stay invested until after results day and sell on the 'bounce' to take their profits before the summer.
The phrase “the best laid schemes of mice and men” comes to mind. Just when you think you have a carefully laid out plan to exit this before the summer and get ahead of the market, something always turns up, in this case that someone could be Vladimir Vladimirovich Putin. His name coupled with Lloyds Banking Group was not on anyone's lips last summer!!!
Just thinking out loud and musing on, this morning.
GLA, whatever you decide.