Royal Bank Of Scotland Share Discussion Threads

[dope007] 21/5/2013 15:25

Ramco on the lessons from the USA. I take you mean the UK should add a load of new stuff to its GDP calculation then ;) Like for like GDP the UK grew and the USA shrank. But I guess the hacks know that underneath, and are currently making sure the distribution phase goes well ;)

big POMO day today!!!!

[ramco] 21/5/2013 15:07

and the spin....Stocks post early gains with the Dow +0.4% and outperforming the other major indexes thanks to nice gains in Home Depot (2.7%) post-earnings, and JPMorgan (2%) as Jamie Dimon looks set to keep both of his jobs....;

[ramco] 21/5/2013 15:06

On the hour: Dow +0.35%. 10-yr -0.17%. Euro -0.21% vs. dollar. Crude -0.29% to $96.65. Gold -1.74% to $1359.95.

[avatar333] 21/5/2013 15:01

Thanks, portside1.

[portside1] 21/5/2013 15:01

over 400p soon do not sell out cheap

[ramco] 21/5/2013 14:37

At the open: Dow +0.28% to 15379. S&P +0.2% to 1670. Nasdaq +0.10% to 3499.
Treasurys: 30-year -0.07%. 10-yr -0.07%. 5-yr -0.05%.
Commodities: Crude -0.07% to $96.86. Gold -1.09% to $1368.95.
Currencies: Euro -0.13% vs. dollar. Yen +0.46%. Pound +0.77%.

[leedskier] 21/5/2013 14:28

Gold and Silver were rising earlier in the day, but JPM or HSBC or some other have cut the legs off it as we move to the US open.

[leedskier] 21/5/2013 14:23

FTSE100 is up about 13 points.

[ramco] 21/5/2013 14:02

On the hour: S&P +0.07%. 10-yr -0.05%. Euro -0.12% vs. dollar. Crude -0.37% to $96.58. Gold -0.88% to $1371.95.

[ramco] 21/5/2013 14:01

Redbook Chain Store Sales: +2.4% Y/Y vs. +2.8% last week.

[ramco] 21/5/2013 13:55

It seems that news about the fixing of trillion dollar markets is becoming, well, rather routine. First there was Libor, then there was the announcement that the Commodities Futures Trading Commission (CTFC) was investigating the possible rigging of the interest rate swap rate, another market in the hundreds of trillions. Then in mid-April the EU announced that it was investigating possible price manipulation in the $165 trillion physical-oil market. That's three price fixing scandals slap bang on each other's heels, all involving trillion dollar markets.

The public has not yet got worked up about the first two since the instruments involved are so far out of the ordinary person's view that the response, if you stopped someone on the street would be, "Sorry, never heard of it..." The alleged oil price scandal, however, could strike a lot closer to home. Motorists around the world are already furious over the cost of petrol and diesel at the pumps. While the vast majority of them probably feel that the oil companies are profiteering, the general feeling seems to be "Oh well, thing are as they are..." But if it transpired that instead of just being opportunistic, some of the major oil companies were actually involved in criminal activity things could get ugly...;

Add: Like oil trading has not been a vipers nest from time immemorial....;

[ramco] 21/5/2013 13:48

A trend to watch: The grocery market in the U.K. is becoming increasingly polarized as both high-end specialty grocers and discounters pick up market share while national grocery store chains suffer. Is the same pattern unfolding in the U.S.? The Q1 read is that Wal-Mart (WMT) continues to gobble up grocery market share at the expense of Kroger (KR), Supervalu (SVU) and Safeway (SWY) while natural/organic chains (WFM, TFM, NGVC) remain a growth story.

[ramco] 21/5/2013 13:34

After accounting for fake transactions used to disguise hot-money inflows, China's trade surplus is just one-tenth of the $61B reported YTD, according to BAML. This year feels like 2008 (when exports plunged) says a business manager tied to the export industry. "There's no money to make from normal operations ... that's why grey-area or illegal practices emerge."

[ramco] 21/5/2013 13:31

Orderly queue please for the derisions in taking lessons from the US...lol

[speedy] 21/5/2013 13:29

Hmmm ... Ichimoku
"Speaking of the current chaotic drop in Gold (XAUUSD on FXCM Platforms); it is the biggest two-day drop in 30 years. What's more is that the last two times a drop of similar significance took place in the yellow precious metal was the summer of 2008, before the global credit crisis kicked off before Lehman. The other time was in the fall of 2011 just as Europe because the crisis du jour. "

thx BTW.

[ramco] 21/5/2013 13:28

The U.K. had everything in its favor for a strong recovery: low interest rates, a weak pound, and competitive tax rates. Yet its economy is weak, and the fiscal outlook pales in comparison with the U.S. The U.K. really should look at the history, and should take a lesson from the U.S. The economy quickly rebounded after the depreciation of the sterling in 1992. Why did it fail to repeat that success? What was different? Mervyn King had done the best he could. It is doubtful that the new Bank of England Chief from Canada will be able to work miracles. Severing ties from Europe at this time will only make things worse....;

[dope007] 21/5/2013 13:23

I note the Jap guy got a slap and has tried to take back what he said....

[ramco] 21/5/2013 13:21

yep sheeple sheparding....and to pick up in time to get to those forecasts for a see we told you so....;

[ramco] 21/5/2013 13:19

when everyone in the game is looking for same thing to occur, it rarely does. You see, Market seems to enjoy making a mockery of the term "market logic" by oftentimes doing whatever it takes to frustrate as many market players as possible. And from my perch this may be exactly what is occurring right now....

not aware of anyone currently playing the game that isn't looking for some sort of pullback to begin momentarily. Sure, the bulls are on a roll. Yes, the central bankers of the world are printing money on a daily basis. And today is indeed Tuesday - so, as has been the trend of late, another joyride to the upside may be on tap for today. Oh, and the economy does seem to be in Goldilocks mode at the present time. But the bottom line is this market has gone a long way in a short period of time. As such, a pullback, a correction, or at the very least, a period of consolidation would seem to be the logical next step in this market's journey....but we all know the mockery of the logic...lol

[dope007] 21/5/2013 13:06

Goldmans selling out then I guess?

[ramco] 21/5/2013 13:04

Anecdotal evidence from a dozen countries suggests to Goldman's Sheila Patel that the so-called "great rotation" into stocks is taking place, albeit at a "gradual" pace. "People are moving money," she says, adding that it has taken three decades for asset allocations to favor fixed income over equities and that precedent won't be reversed "overnight."