Lloyds Banking Share Discussion Threads

[crossing_the_rubicon] 28/2/2020 11:40

@Mike

11.16

Minerve 228 Feb '20 - 11:16 - 294468 of 294473 (Filtered)

[minerve 2] 28/2/2020 11:38

Poikka

I agree, the fact there is a case in Wales is truly irrelevant and sensationalist reporting. Next it will be a case in Bolsover. LOL

This is probably here to stay with us for years but the stock market will adjust to it soon. If you are in travel and airline stocks then you could be in for a rough ride.

I haven't sold a single share in any of my stocks this week even though I have watched some lose on average 4% a day all week. I don't see the point. My house builders I have will continue to build and sell houses, they have very little/ no debt, people still need to go to work and bricks will continue to be made. House sales will most likely fall but they were already outperforming and is there really anything better long ATM?

[cobourg1] 28/2/2020 11:35

Google -"Why a bear market will lead to a dollar collapse, by Alasdair Macloud".

He has an interest in pushing gold, so bear that in mind. But he makes a lot of sense to me.

How long before news leaks out of a bank or hedgie in trouble I wonder? The DOW could have a lot further to fall IMO. Too soon to be buying dips I think.

[gotnorolex] 28/2/2020 11:30

Bloomberg wants the markets down to improve his chances agin Trump!

[gwatson56] 28/2/2020 11:20

Yes the dow will be watching the Italy daily total positives (released after UK market closed yesterday) Looks to me that Japan have got a hold on this (12 positives in the last daily report). South Korea growth of positives is slowing (571 last report)... Iran imo the stats are not reflecting the cases on the ground.... so this will take longer to get a hold off....

Loads of cases via Italy but at the moment no significant local transmission as all on high alert....

I do honestly think that apart from Iran we should be seeing good news next week. Moving into the weekend lots who hold short will probably take profits and those holding myself included will I expect sit on their hands.

See that the Southern Hemisphere has no real outbreaks so I assume the higher temperatures help to control this virus. Looking at the normal flu window post March it goes away..... the numbers affected and die with normal flu are much much higher than I realised.

So get to end March then fingers crossed a jab is available for back end ...

My view is LLOY and the market is approaching oversold.... this time next week will be the judge if my view holds water....

Hope all keep healthy.

[minerve 2] 28/2/2020 11:16

OK, the apocalypse is here, and to see us out there is nothing better than Beethoven 7th Symphony.

It's been nice feeding you CHIMPS.

[bbalanjones] 28/2/2020 11:08

Such crass analysis: It's the SUPPLY CHAINS stupid.

[crossing_the_rubicon] 28/2/2020 11:06

"scruff128 Feb '20 - 10:03 - 6756 of 6763
Don't know anything about it but I did when at university had an organised visit around a crematorium. There were two incinerators. Would take a while to see off 2000 bodies at that rate"


Wuhan crematorium has 30 furnaces fyi

Average cremation time for one body is 50 mins to 1 hour. Can be up to 2 hours but no longer.

Doing the math is therefore fairly straightforward.
Call it one per 2 hours,lets be charitable.

Therefore on a 24/7 basis,
12 per day per furnace.
30 furnaces
Ergo 360 per day.

Wont even take a week to get rid of 2200 bodies now will it.

Add in the mobile incinerators they've transported in...

[1carus] 28/2/2020 10:59

This seems like an over-reaction to me. China can afford to loose a large part of it's population if this virus has a high mortality rate. They can build a hospital in 10 days, they have the capability to fill any supply-chain gaps quickly. Min will be pleased as it is clearly killing of the old and infirm --- as long as not anyone too close to home of course. Cant see this as anything other than manipulation to panic holders with meja' reporting on handfuls of cases, compared with 17K annual flu deaths in England alone.

[pal44] 28/2/2020 10:53

so what has changed ? the Virus should be treated just like normal seasonal flu agree some people perish but that's just the norm no point in panic IMHO ..

[mr.elbee] 28/2/2020 10:51

if you wanted to reverse the trend to globalisation ,and couldnt get enough political support,and a little bit of flu comes along,and a lot of journos desperate for the next panic,what would you do?

Job done for any trade war with Asia.

and increased employment in the UK and the USA.

It aint too difficult if you think

FOR YOURSELF!

[pierre oreilly] 28/2/2020 10:50

Poik, but it IS big news if there's a case in a new country isn't it?

It means either it will be contained, which afaiui is difficult, or lots of people will catch it. I personally don't think any of those options as worth worrying too much over, since, afaiaa, it has less effects than a flu epidemic.

Next year i expect there'll be a vaccination for it, rolled up in the flu vaccine, which is free for many and a fiver for those who don't get it free.

I suppose when the time comes, when one reaches 85/90/95/100, when you inevitably get weak, the flu or other virus will kill you off. C'est la vie - best to face facts.

[1carus] 28/2/2020 10:47

Looking at buying a car on Monday. Tempted to buy these instead, then buy the car in six months time with the money I make on them. Is this the bottom though? This is cheap by any reckoning.

[mr.elbee] 28/2/2020 10:41

The USA and the UK now want more domestic production and and end to globalisation as we have known it.

Slip a word, and a few bob, to our not too bright journo friends about the end of the world and bingo!

Public opinion comes right down on the side of the little Englanders,little Yanks...no cost, only a few herberts who sold their stock at the bottom of the undoubted swing back up.

[poikka] 28/2/2020 10:21

Re 5xy and impact of globalisation under present scenario.

I read an article that stated that UK clothing manufacturers were experiencing a resurgence in demand - fairly obviously. There could well be a positive impact for UK industry as bets are hedged, but once the smoke has cleared, will it last?

[mikemichael2] 28/2/2020 10:20

I'm not buying yet, dow futures way down.

[mr.elbee] 28/2/2020 10:18

this whole stock market crash corona nonsense is a scam thought up by the irresponsible children that run global financial affairs.

Ignore it all

[bargainbob] 28/2/2020 10:15

Yes , first top up at 48 p, keeping cash on sidelines incase the market over reacts further to downside. Fully expect it will.