DislikedI'm still on target for this to be reached. Expecting a pullback to around 425x area for new soldiers to be added. We break 444x, next stop will be 489xIgnored
Just digging in the trenches like everyone else!
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DislikedI'm still on target for this to be reached. Expecting a pullback to around 425x area for new soldiers to be added. We break 444x, next stop will be 489xIgnored
DislikedOne more before I have to go shovel snow. If we get a daily close around 431x with a wick all the way up to 444x, I wouldn't be surprised to see her fall to 1.30xIgnored
DislikedOne more before I have to go shovel snow. If we get a daily close around 431x with a wick all the way up to 444x, I wouldn't be surprised to see her fall to 1.30xIgnored
DislikedMorning EO,
Cable is being well supported from the surge in UK banking stocks, which has seen Barclays and Lloyds rising 21% and 42% on the day, respectively.
Just as the uncertainty surrounding the UK banking sector was the main driver behind the incredible weekly 1,400 move to the downside, markedly improved sentiment toward the banks is allowing Cable to retrace significantly. Barclays this week have offered a greater degree of clarity on their capital position, with Lloyds receiving upgrades from two houses.
[b]There are also rumours,...Ignored
DislikedNice fundamental perception as always gammase.
So people are buying on the Middle eastern promise (rumour) and will be selling the truth (news) when that comes out I suppose.Ignored
DislikedOne more before I have to go shovel snow. If we get a daily close around 431x with a wick all the way up to 444x, I wouldn't be surprised to see her fall to 1.30xIgnored
DislikedYes, anything can and, much of it, will happen in 2009, meaning there is a risk of UK defaulting, albeit a tiny one given the fact that gilts are issued in sterling. Therefore, this very fact, enables the UK the option of printing more cash, a get-out-of-jail option that was not available to Argentina or Russia, whose debt was denominated in dollars.
On more relevant points, the UK's public sector debt levels to GDP are far less than France and Germany, even after we account for the announced increases to borrowing in 2009.
The UK is still...Ignored
DislikedHi Vourvoul,
I think it's far more to do with the sentiment change, albeit a temporary one, towards the banking sector, brought about through a combination of the bad bank plan and greater disclosure from Barclays.
The talk of middle eastern money seems too vague a rumour to take seriously at this stage, unless we hear of a number of big deals being done. The only deal I have heard details of is British Land selling a stake in a major UK shopping centre to am Abu Dhabi fund for £550m.Ignored
DislikedI am involved in the real estate markets across Europe (Romania, Moldova, Spain, Montenegro, Croatia, Cyprus), and the Middle Eastern fund rumour and their intention of investing millions in malls, hotels tourist resorts has been going on since September.
It's beginning to sound like the ultimate attempt to boost consumer/investor confidence. Thankfully, it helped me into liquidating a few assets.
The latest rumour I heard was the change in Manchester United's shirt would change from AIG to Saudi Telecom.Ignored
DislikedHi Gammase1
The year 2008 has truly taught investors to think the unthinkable….maybe in the year 2009 we will SEE the unthinkable.
[font=Verdana]I think we are very quickly moving to a point where all of the large banks in America and Western Europe will become nationalised. When you consider that, even after the massive infusions of capital from the TARP payment, Bank of America last week traded at $5.05 (down from $60+ just two years ago) and that Citibank last week traded at $2.80 (down from $55+ in late 2007) and...Ignored
DislikedDears
I think GU just strat the journey down to 1.4030 and then 1.3860
Ignored
DislikedHi Gammase1
The year 2008 has truly taught investors to think the unthinkable….maybe in the year 2009 we will SEE the unthinkable.
[font=Verdana]I think we are very quickly moving to a point where all of the large banks in America and Western Europe will become nationalised. When you consider that, even after the massive infusions of capital from the TARP payment, Bank of America last week traded at $5.05 (down from $60+ just two years ago) and that Citibank last week traded at $2.80 (down from $55+ in late 2007) and...Ignored