Royal Bank Of Scotland Share Discussion Threads

[ramco] 23/4/2013 15:12

March New Home Sales: 417K vs. 420K expected, 411K prior.

Add: best since Autumn of 2008...;

[ramco] 23/4/2013 15:10

Apr. Richmond Fed Mfg. Survey: -6 vs. +3 expected, +3 previous.

[leedskier] 23/4/2013 14:52

There is one upside to this. Fewer people in the UK will be in poverty as measured in the UK, i.e. 60% of median earnings or less, because median earnings will be falling in real terms without a parachute ;

[ramco] 23/4/2013 14:47

lol share the sentiment... but if it happens it will be after the European close (as yesterday) however since apple is reporting should be good for a 1% on indexes to allow the hedgies etc can sell into the gains....;

[dope007] 23/4/2013 14:45

And the market continues to rise on bad news in the hope of non stop money printing, leading to rampant inflation. Good stocks are a hedge against inflation though, as long as they have pricing power. The problem this time though is wages have gone nowhere and are going nowhere

[leedskier] 23/4/2013 14:40

I hope the parachutes fail ;

FTSE100 up 120 points .... how many will it retrace tomorrow, or worse still on Thursday after the UK Q1 GDP release, which the ONS are cobbling together.

[ramco] 23/4/2013 14:37

At the open: Dow +0.69% to 14668. S&P +0.51% to 1570. Nasdaq +0.67% to 3255.
Treasurys: 30-year +0.21%. 10-yr +0.09%. 5-yr +0.02%.
Commodities: Crude -0.91% to $88.38. Gold -0.24% to $1417.75.
Currencies: Euro -0.55% vs. dollar. Yen +0.02%. Pound +0.33%.

[ramco] 23/4/2013 14:36

Just a little market pumping to give the institutional bagholders a higher perch from which to parachute....;

[ramco] 23/4/2013 14:26

Market preview: Stock futures rise on better-than-expected earnings and hopes for more stimulus in Europe. S&P benchmark +0.4%. Netflix +24% after reporting strong subscriber growth; Travelers and DuPont rise after beating estimates and hiking dividends. European markets rally as signs of further economic weakness sparks hopes of a shift away from austerity.

Add: Sorry folks thats the best they are able to come up with premarket...;

[ramco] 23/4/2013 14:25

Speedy, dear lisa oh dear....;

[ramco] 23/4/2013 14:23

Commodities are falling mostly due to a strong dollar and low inflation. Due to Europe's continuing financial crises and the rapid inflation of the Japanese yen, the U.S. dollar is temporarily the strongest of the "big three" currencies. A surging U.S. dollar puts downward pressure on most commodity prices. That's why the Labor Department announced on Tuesday that the Consumer Price Index (CPI) fell 0.2% in March. (Excluding food and energy, the "core" CPI rose just 0.1%.)

The good news for stocks is that a softer CPI and slower economic growth will likely give the Fed the ammunition it needs to keep its money pumping policies in full effect....;

[speedy] 23/4/2013 14:20

There's a hole in my bucket ...



"Independent TD Stephen Donnelly said yesterday that this was what we get for passing €40bn legislation at 2am. He added: "It is becoming clear that the required due diligence was not done ahead of the IBRC liquidation. Pensions have been wiped out and now the taxpayer may be on the hook for a unknown number of billions."

"The last time we believed what the assets were worth, we were hit for €35bn. Have we learnt nothing?"

[ramco] 23/4/2013 14:13

More on the big Flash PMI miss: It's the largest monthly decline since June 2010, "raising concerns that the U.S. manufacturing expansion is losing momentum rapidly," says Markit. "With backlogs of work falling at one of the fastest rates since the height of the financial crisis, firms will also look to cut headcounts soon." S&P 500 (SPY) futures back off earlier gains, now +0.35%

[ramco] 23/4/2013 14:04

Feb. FHFA Housing Price Index: +0.7% M/M vs. consensus of +0.7% and +0.6% in Jan.

[ramco] 23/4/2013 14:03

US Apr. PMI Manufacturing fell to 52.0 vs consensus of 54.2, 54.9 in Mar.

[ramco] 23/4/2013 14:01

Merkel's expectations are no more money without ceding sovereignty, this morning it is German MPs who are up in arms as Nobert Barthle condemns Barroso's statements on austerity and Hans Michelbach flatly rejects this path of no resistance as it "undermines fiscal consolidation efforts." Perhaps the most clear message was from Volker Wissing who added, "demanding more money or time would send a 'fatal' signal to financial markets on reforms." With German PMIs so bad this morning, we are reminded of Bill Blain's comment, that ultimately growth is about confidence - and right now, Europe is a very unhappy place....;

[ramco] 23/4/2013 13:57

Redbook Chain Store Sales: +1.8% Y/Y vs. +2.0% last week.

[ramco] 23/4/2013 13:46

CP All makes a $6.6B offer for Siam Makro in what could go down as the biggest corporate takeover in Asia for the year thus far. The operator of 7-Eleven stores in Thailand says the deal will add a new channel to export Thai products to Southeast Asia, at least in part through the 7-Eleven chain.

[ramco] 23/4/2013 13:35

Goldman Sachs estimates that the budget deficit is set to come in at $775B this year. That's down from their earlier estimate of $900B and way off the consistent $1T+ deficits we'd seen in previous years. But it's still a rather large budget deficit at about 5% of GDP. We were at risk of experiencing much larger cuts. Still, this will likely impede growth going forward as the reduced deficit works against two trends - it reduces the flow through the economy that is still on life support AND it reduces the additional net financial asset contribution which has played a crucial role in the balance sheet repair process. These are not good developments, but they're also not going to send us into a Greek-like scenario. In short, it looks like muddle through is probably here to stay.

[ramco] 23/4/2013 13:35

The problem is, we're not close to being out of the woods. The economy might being starting to feel a bit better, but the reality is that it's still quite weak. Yes, the de-leveraging has started to turn into a re-leveraging, but that's just the beginning of a normal healing process.

Private investment is still lower than its been at any point in the previous recessions...;

[ramco] 23/4/2013 13:32

Already under plenty of regulatory pressure for reform, Swiss banks now face increasingly restive shareholders over compensation. ISS has recommended owners reject a Credit Suisse (CS) plan to issue 27M shares with which to pay executives. Last year the proxy advisory firm nearly led a defeat of a UBS pay plan.

[ramco] 23/4/2013 13:27

Poor positioning by portfolio managers is suggesting a near-term market pullback may be on the way, says BMO's Brian Belski. Right now he says they're inundated with questions from portfolio managers who are "clearly under-performing the market." When that happens, you know that managers are straying from their discipline. "When they stray," Bielski warns, "bad things happen, the market rolls over, you do emotional things and sell stock."

"Poor positioning," he added, "has led to pullback in stocks that we've seen. They were forced to buy the rally because they were forced to participate. They were chasing performance."
Belski said there is a "clear risk" for a dip soon. "Clearly housing numbers have slowed, employment numbers have slowed, company guidance was excessively negative coming into the quarter. So once again, corporate America is becoming conservative," he said. "So if you bid up these stocks and all of a sudden you're worried about valuations and growth, no wonder the market is rolling over on a near-term basis."


Add: The only comment to that is no S*"? Sherlock...;