Royal Bank Of Scotland Share Discussion Threads

[ramco] 17/5/2013 13:41

The fast slide in the aussie catches even the bearish Goldman currency team off-guard, and it's forced to revise lower its 12-month forecast for the currency - now $0.90 vs. $0.98 previously. The reasons are well-known to anyone paying attention: A deteriorating Australian economy and lower commodity prices. FXA -0.4% premarket and the aussie is buying $0.9755.

[ramco] 17/5/2013 13:40

Turkish stocks (TUR) hit record highs after the country receives it first investment grade rating from Moody's in two decades (previous). The move comes 6-months after Fitch blessed Ankara with an investment grade nod for the first time since 1994. Yields on the country's two-year bonds hit a record low 4.63% Friday on the news.

[ramco] 17/5/2013 13:39

Turkish stocks (TUR) hit record highs after the country receives it first investment grade rating from Moody's in two decades (previous). The move comes 6-months after Fitch blessed Ankara with an investment grade nod for the first time since 1994. Yields on the country's two-year bonds hit a record low 4.63% Friday on the news.

[dope007] 17/5/2013 13:38

Lols at Thomas Lee. They are clues, I bet who took bloody ages looking for them!!!!

[ramco] 17/5/2013 13:38

Stocks at all-time highs aren't reeling in too many investors to the bullish side on the AAII Investor Sentiment Survey which shows a 2.3 point decline in bulls to 38.5% - just below the long-term average of 39%. Bears gained 1.9 points to 29.3%. also just under the long-term average.

[ramco] 17/5/2013 13:37

The head of a major South African mining union threatens to bring the country's economy "to a standstill" and demands a meeting with President Zuma, ramping up the rhetoric in a long and heated conflict between labor and the government. But a strike seems averted for at least another day, as top platinum producer Amplats (AGPPY.PK) says employees reported for today's shifts as normal.

[ramco] 17/5/2013 13:37

"Printing of money and the seeking of safe returns" have made cash (SHY) and bonds (TLT) terrible investments, says Ray Dalio (video). The same activity, on the other hand, is great for "other assets," i.e. stocks. "There will be a tightening ahead."

[dope007] 17/5/2013 13:34

The other problem with this rally is the great rotation, because I am not to sure there has been a large rotation. I see QE money buying bonds and then the banks buying higher yielding equities. But not al bonds have gone the way you would expect, and nor have commodities.

Lastly I would add volumes are thin in this rally, hence I see the need for a correction. The question is would it simply be a correction and a buying oppertunity, or more. That is the question I am stuck on.

[jwe] 17/5/2013 13:28

...but it is relevant.LLOY & RBS both seem to be moving forward,possibly strongly,but on a macro basis the EU(and EZ in particular) casts a long shadow.The % Debt to GDP is still increasing rapidly,and,at some point this will have to be addressed.EU banks are absolutely stuffed with sovereign debt ,so the risks are there & are not imaginary.Against that ,and on a positive note,there is still a `Great Rotation` going on into equities as investors look for yield
As always a very complex situation

[dope007] 17/5/2013 13:25

cfc1 - Another one who can't read. I refer you to post 19703

[dope007] 17/5/2013 13:09

Profit potential, or catastrophic losses on all that European debt?

Which is it, especially since the debt is higher, and the EU is back in recession?

I would at least wait for a mini correction before jumping in

[smurfy2001] 17/5/2013 13:06

Dope, 30 odd pence in old money, cheap as chips and given the profit potential, the market cap is just simply too low.

[smurfy2001] 17/5/2013 13:05

Royal Bank of Scotland (RBS) is to cut a further 1,400 jobs from its retail banking head office over the next two years.

[dope007] 17/5/2013 13:04

smurfy I wouldn't punt anything at these stupid levels. We have had a stream of negative surprises on data and still the lemmings continue to buy, buy, buy.

[smurfy2001] 17/5/2013 12:56

Dope, still worth a punt here. Unfortunately l only have £63K spare in the account, otherwise i'd have bough £125K's worth.

Long term it's a winner.

[dope007] 17/5/2013 12:22

Still holding EMG and VOD. Sold RSA at 123p and Aviva at 322p. So happy with all that. Not prepared to be left holding the bag like in 2007/8 after recovering from it. Not going to ignore the real facts out there just because the market is being ramped up with freshly printed money. The economic picture underneath is a nightmare

[cfc1] 17/5/2013 12:17

hmm Dope - sounds like you sold out before the recent run up!!

[dope007] 17/5/2013 12:13

More great news. EU construction falls again

[jazza] 17/5/2013 12:06

No wonder the FTSE is flying..



BIRMINGHAM, England--Cooling inflation and brightening growth prospects mean the Bank of England and its incoming governor Mark Carney have "more room to maneuver" to support the U.K. economy, BOE policy maker Martin Weale said Friday.
"At the same time, the situation does look as though it's getting rather better at the moment," Mr. Weale said, citing weakening inflationary pressures and a return to economic growth. The economy expanded 0.3% in the first quarter and the BOE expects it to expand 0.5% in the second, according to forecasts published Wednesday.

[dope007] 17/5/2013 11:55

More evidence of this rally being false

[dope007] 17/5/2013 11:32

cfc1 it was a high yielding undervalued bank in 2007. nothing has changed excpet worldwide debt is higher