Barclays Share Discussion Threads

[jamrol] 21/5/2010 11:43

montyhedge you do sput some rubbish, have you no self respect?

[gbh2] 21/5/2010 11:23

All the worms squirming out from under the stones now!

[cat100] 21/5/2010 11:20

montyhedge FTSE 100 going to 4750 on its way to sub 3000

[montyhedge] 21/5/2010 11:10

255p very very easily, FTSE 100 going to 4750.

[cat100] 21/5/2010 11:08

homeboy35 Pleeeeeeese I'm a pig

[newm0delarmy] 21/5/2010 10:57

Talk is of PIIGS getting 20-30% writedowns on Sovereign debts...ouch...market could really go plop...make 2008 bank crisis look like a walk in the park:-)

[purple sound] 21/5/2010 10:45

Monty,
Congratulations with BLNX.

[eisler] 21/5/2010 10:43

Yes, I agree that 20 points can be made in a jiffy - but there is no prospect of any good news. Sentiment is very bad and, I suspect, is going to get a whole lot worse in the next month. Can only see BARC staggering down to 250 or lower now (which fits with the 25% correction everyone has been banging on about). Mea culpa!

[isis] 21/5/2010 10:25

monty - Blinkx were floated at 60p they're now 24p

Not sure if you were aware of that. ;-))

[jamrol] 21/5/2010 10:21

what is BarCap worth if sold?

[montyhedge] 21/5/2010 10:18

Purple
Everything down of course except my Blinkx up 83% in 3 days, not bad.
255p next level for Barc easily. All my Cheslea Barc Traders sold out at 360p-365p.

[broadwood] 21/5/2010 10:16

Confirmation now that BarCap will have to be split away from the parent.It'll need to raise more capital and uncertainty will prevail for awhile.I guess shareholders will see their holding split up - with a possible rights issue for BarCap in view of stricter capital requirements.



The US Senate has voted in favour of wide-ranging banking reform which bans deposit-taking banks from proprietary trading.

The bill was backed in a 59-39 vote, four Republicans voted for the bill and two Democrats voted against.

As well as a ban on proprietary trading and a division of banks' swaps desk from the rest of the business, the bill introduces a consumer financial protection bureau which will oversee the sale of credit products and will allow the government to take over and break up a systemically important firm in case of failure.

There will also be multi-authority oversight of financial services risks.

The Senate bill will be merged with a House bill on banking reform that was passed last year. President Barack Obama (pictured) will then sign the bill into law.

US Treasury secretary Tim Geithner said in a statement: 'The House and Senate have now each passed strong bills that protect consumers, limit risk-taking by large institutions and addresses the problem of [banks that are] too big to fail.

'As we move ahead I look forward to working with the House and Senate to produce a sensible, prudent reform bill that strengthens the American financial system and preserves our ability to innovate and compete in a global economy.'

Lobbying from financial services institutions is expected in the run-up to the bill becoming law. However, the banks did manage to avoid introducing stringent conflict of interest rules and a even stricter ban on proprietary trading due to a Republican move that prevented votes on the topics.

[purple sound] 21/5/2010 10:13

Monty's Here !
Glaxo must be Down !



Yep !

[bullspread] 21/5/2010 10:12

Keep a cool head

Oddly, the latest poll of the American Association of Individual Investors shows investors are not yet totally spooked. Bulls increased to 41% from 37% last week. And bears dropped from 37% to 34%, Bittles says.

That level of bullishness and complacency suggests that stocks may fall more, as reversal rallies tend to occur when sentiment turns very pessimistic.

What should investors do?

Despite suffering from "flashbacks" to the 2008 meltdown, Steve Janachowski of wealth management firm Brouwer & Janachowski, says investors should keep their cool, as it's just a correction, so far, and a correction was inevitable. "A lot of people will get nervous because for them, this is a flashback to 2008," he says. "But the market has been up as much as 80% from its lows, and we have been advising clients for the past four months that we are due for a correction."

Janachowski says he has been putting fresh client cash to work in the downdraft. But he acknowledges that anxiety levels are ramping up.

At a client presentation on Wednesday, he says, the first question asked was, "When is the correction going to be over?" And the first call he fielded Thursday morning was from a worried client who wanted an emergency meeting with him at the office. Says Janachowski: "I asked him, what do you want to talk about? He said, 'I want to talk about the market.' " Janachowski talked him into doing the chat by phone, where he told him, "Take a deep breath. There's no reason to do anything right now." Janachowski says a correction is unlikely to derail most investors' long-range plans.

Looking for positives

What could turn stocks around? The market could gain some traction on news out of Europe that illustrates that the execution of the European Union's $1 trillion shock-and-awe bailout plan will be implemented in a fashion that allows things to stabilize and allows investors to focus again on the fundamentals, says Luschini.

Analysts who study market charts say a solid sign of a reversal to the upside would be two big up days in a row, where virtually all stocks participate.

On a positive note, stocks are now more oversold than they were at the bottom of the March 2009 low, statistics from Bespoke Investment Group show. And that oversold condition resulted in a rally.

"At times like these," says Bespoke's Paul Hickey, "it may seem like it is more risky to (buy stocks) than it is to (sell), but history has shown that the opposite is true."

[niku] 21/5/2010 10:05

all banks down except for BARC
how long will it last

[homeboy35] 21/5/2010 10:03

Eisler, how can you say that 20 points can be made in a jiffy in this market. Some cobbled together 'panic over' news and everything will fly for a bit.

[montyhedge] 21/5/2010 10:03

255p next level the big sell off still to come.

[eisler] 21/5/2010 09:51

I am long - got in at 310 - won't see that again in next few months for sure. Very bad decision - hold my hands up on that one! :-(

[jamrol] 21/5/2010 09:48

Eisler its time to go long, Germany has no choice and the professions would have made their money (hence the doom and gloom media coverage)

[eisler] 21/5/2010 09:47

Bad news out? Could hammer us further here - doesn't look good for anything but another red finish.

[smurfy2001] 21/5/2010 09:39

When is the German decision news out??

Should see a massive spike if this happens.

[advfntom] 21/5/2010 09:15

Into auction - must be exciting !

[lol short killer] 21/5/2010 08:47

purple, your panic is over, or the market panic is over?


lol