Tuesday, September 30, 2008

lets hope it fails… Lloyds should not be able to do this…

London afternoon: HBOS battered on merger fears

A statement by Royal Bank of Scotland (LSE: RBS.L - news) to alleviate fears about its exposure to the fall-out from the Fortis (Amsterdam: FOO.AS - news) rescue may have succeeded in its aim, but the stock is still lower as investors threat about the UK banking industry

Posted by mark @ 03:19 PM (1642 views)
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7 thoughts on “lets hope it fails… Lloyds should not be able to do this…

  • Another error in a news story. I think they mean “as investors FRET about the UK banking industry”.

    Maybe some of the recently unemployed investment bankers can retrain as newspaper editors.

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  • Turnaround Tuesday!

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  • techieman

    Well done! For all intents and purposes you correctly predicted the market on the day. Nothing spectacular but under the circumstances a hell of a good call.I think it’s nigh on impossible at the moment and literally day to day with possible huge fluctuations. Don’t get involved myself, too risky — prefer sports — more consistent.

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  • Tuesday, September 30
    Bare-Assed Naked in a Pig Skin Suit.

    For quite some time I’ve been saying here and elsewhere that those responsible for the problems of our time are going to be exposed and hung out to dry. It’s a given that most people wouldn’t understand how this could be possible when those responsible control the media that manufactures both the news and the viewpoints which are spoon fed to the public. It seems even more impossible when the foxes run the chicken house as their own poultry farm and when the laws that were designed to protect the public have been suspended or re-engineered to the point where they look like Michael Jackson’s face.

    However… it’s happening. It’s happening the way the weather changes when one season moves into another.

    Les Visible
    http://smokingmirrors.blogspot.com/2008/09/bare-assed-naked-in-pig-skin-suit.html

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  • Cheers plato, although the market provided my rewards today its always good to get some encouragement. Will that be a proper low for a while? Well who knows but really i doubt it.

    To be fair i was only involved for a smallish stake – better to be safe than sorry! Having said that the dax range was 5,658.20 – 5,836.77( closing at 5831), with an open of 5730 down first to the low before rallying to end +24 on the day. Last night the market was down in quotes to about -5%, and i was sorely tempted to get involved there. Still the options market was closed and since at the moment the risk for trading an outright is too big for conservative me, i didnt go long till this am, basis cash around 5682. In fact probably soon a time to (dare i say it) short the market again. Unless……..

    Good luck with the sports – i do that as well but only for a bit of fun really…. Maybe they will ban lay betting soon!?!

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  • planning4acrash says:

    Techieman, you run an investment fund?! You should set one up called: “hedge fund to save your ass from corporatist fraud and main stream media manipulation” HFSYAFCFMSMM” as a “shorter” acronym. I’ll be a customer if you set one up!

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  • no p4ac i trade for myself. Reason being i dont mind taking risks on my own behalf but cant stand the thought of losing money for others which is actually self fullfiling!! Pyscobolical really! A pit of wits on a daily basis im afraid. 🙂

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