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Guest daddy bull

Hbos - Run On The Bank !

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Guest Daddy Bear

According to the media this HBOS story is all the result of market speculator rumour mongering. So obviously nothing to worry about.

Here are a few other facts:

Shareprice fallen from £12 to £4 in 12 months

Shareprice fallen 30% in last month

HBOS has severe exposure to subprime and liar loans

Bear Sterns and NR went from "these rumours are completely unfounded" to "sh*t we are fuc*ed" in 3 days!!

If I had my savings in HBOS (and that includes Sainsburys as well - forget what Martyn Lewis says!) I would be queing at 5am tomorrow morning.

You may say this is irrational - but it is not. The reason i would be queing is that there could be others thinking the same thoughts. Better to be two steps ahead of the crowd.

Like the guy in the NR queue said when asked why he was displaying irrational behaviour - "My behaviour is perfectly rational - I am acting like this because of the irrational behaviour of others!"

A question: If you had cash (OR HAVE CASH !) in HBOS would you queue tomorrow? Why? & Why not?


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  • 292 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
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      • up 5%

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