Royal Bank Of Scotland Share Discussion Threads

[jwe] 19/4/2013 17:47

BRITAIN JUST DOWNGRADED BY FITCH TO AA+

[jazza] 19/4/2013 16:46

Banks are corporates..just like GSK.There's so much attention on them, it's difficult for them to misbehave at the present time..

[leedskier] 19/4/2013 15:46

Apple risen from -1.5% to +1.1%.

RBS +1.6%.

[leedskier] 19/4/2013 15:30

LONDON--GlaxoSmithKline PLC (GSK.LN) said Friday it didn't break the law by striking deals with drug companies which were trying to supply a generic version of the antidepressant paroxetine, after the Office of Fair Trading earlier alleged the agreements infringed competition law.

-MAIN FACTS:

-GSK says it acted lawfully as the holder of valid patents for paroxetine

-Arrangements resulted in other paroxetine products entering the market before GSK's patents had expired

-Cooperated fully with the OFT investigation which covers activities that happened between 2001 and 2004

-In March 2012 the European Commission said it formally concluded its own enquiry with no further action

[ramco] 19/4/2013 15:19

Last but not least the farce in Italy continues....There had been some hope that the political vacuum in Italy would normalize after the fourth balloting round of presidential voting, in which the candidate agreed upon by both Bersani and Berlusconi, former trade union leader Franco Marini, would be elected with a simple majority, following a failure to elect one in the first three rounds. Marini had been in the lead with 521 votes but short of the two-third majority needed, or 672, to win the vote. Those hopes have now been dashed following news, coming from a tweet by the PDL's Maurizio Gasparri, that Berlusconi's PDL and its ally Northern League will not take part in the vote. This means that Marini will no longer have even the 504 votes needed to get elected with a simple majority and that the entire spectacle was nothing but empty theater. And so the ongoing total political chaos and vacuum in Italy remains...;

[ramco] 19/4/2013 15:17

Die Welt is reporting that a suspected letter bomb was intercepted today in a routine mail control at the residence of the Germany President Joachim Gauck in Berlin.

•*POLICE DESTROYED SUSPECTED LETTER BOMB TO GAUCK, ARD SAYS
•*LETTER BOMB CONTAINED HMTD HIGH-EXPLOSIVE POWDER: WELT
The suspect mail has been safely neutralized according to police.

[ramco] 19/4/2013 15:16

supposedly the Fed's key indicator (the 5Y5Y forward inflation expectation) has reversed rather significantly. The last two times, forward inflation expectations dropped so significantly, the ECB launched LTRO and the Fed launched QE3. It seems the BoJ's QQE is not having the effect perhaps they had hoped on inflation expectations. Will the Fed have to come to the rescue once again?...;

[ramco] 19/4/2013 15:13

Most stocks are higher in early trade, but big moves in big names are dragging key indexes. IBM -6.4%, GE -3.9%, McDonald's -2.2% are hurting the Dow (DIA -0.3%) following earnings. H-P -5.5% as Blackstone looked under the hood of the PC business and said "no thank you." Down 1.3%, Apple is capping the Nasdaq 100 (QQQ +0.4%).

[ramco] 19/4/2013 15:08

Ramco 19 Apr'13 - 14:56 - 108233 of 108236 edit

There are also a couple of further hints the last two times we were in the same boat... markets took another shot at the high before rolling over...;

You will see those on a weekly Chart of the S&P 500...around this time in 11' and again at the same time in 12';

[leedskier] 19/4/2013 15:07

Thanks, I will mention it.

[ramco] 19/4/2013 15:00

Was not evading your request on Apple but only how many targets have we witnessed even on this board let alone generally....my take to your chum is to have a good long look at a longer term Microsoft Chart....;

[ramco] 19/4/2013 14:57

yep that second chart shows it more clearly....;

[leedskier] 19/4/2013 14:56

I am saying that the banks should not be hypocritical and pretend that their polices are governed by other than a wish to make money.

[ramco] 19/4/2013 14:56

There are also a couple of further hints the last two times we were in the same boat... markets took another shot at the high before rolling over...;

[jazza] 19/4/2013 14:54

Leeds, are you suggesting current bank policy is the same that existed 5-10 years ago?If they say they want to maintain a 100% loan:deposit ratio and then deviate from that, questions will be asked of the new BoD's competence..There are a lot of eyes watching..

[ramco] 19/4/2013 14:53

"why" this area is important. Opinion is, the players in the game are currently trying to decide if the current decline is enough to discount the "growth slowing" theme that has been coming out of the economic reports. Which the Philly Fed and the LEI releases added to yesterday as both reports missed the mark....;

[leedskier] 19/4/2013 14:52

This one ...

[leedskier] 19/4/2013 14:49

I think I posted a chart a couple of days ago, showing the up channel within which the S&P500 had to travel if it was not going to fall overboard.

[ramco] 19/4/2013 14:47

First, it is fairly obvious that the S&P 500 closed Thursday perched at a fairly important juncture from a chart perspective. Thus, the next move from here could be significant. And second, I'm wondering if the current pullback (which was close to -3.25% as of Thursday's close) will be enough.

Yesterday's action is also important from a couple other perspectives. First, the decline represented a "test" of the 1540 support area.

Therefore, whether you are a fan of the charts or not, this represents an important area from a technical analysis standpoint. The bears will suggest that a break below will cause stops to be hit and technical selling to come in. And of course, the bulls will argue that a successful test of this area will lead to new highs.

[leedskier] 19/4/2013 14:46

Credit worthy?

We are talking about banks which not only rigged libor and everything else not nailed down ... but weighed their senior executives in gold sovereigns ... or diamonds depending on which was rising ... annually in a ritual known as 'how much shall we award ourselves in bonuses this year'.