The drop today could be well expected.. As like this week a rise before results... .and many results on the day have a drop..
I agree with Lennymac... Things are can look better than things really are... No government will ring alarm bell of hard times continuing.. ...3 good news slices in a bad loaf ..does not make the loaf any better...
IMO we have a reported rise in house prices this week...which means less first time join the housing market.. and to this the logic that interest rates may well rise in the next 3 years ..... Will hit non affordable first time buyers now ...even harder... And those that struggled to buy a house now, will be hit if rates rise.....creating another future possible finance issue in years to come .... For X amount of people....
Today... And as not unexpected ..volitilty remains the main mover in this share .... The results are now announced and now over... Maybe a trickle downwards with no positive mood to drive it up like the past week......profit taking and desire to get the sp down to buy back in for the next 30p plus move up to sell again....seems to be a pattern for the past 2 years ...
Which I have profited very well by.... Steady system.. Producing above average success....
As said time nd time again ...little basic logic in how the sp moves so many times... But many of us already know that by now.... ...yo yo share is a good name for rbs .... Relating to the past 2 years....
I never believe in economy reports ..because the government rarely get things right ..or would be experiencing far better times .. And never have got in such a mess.....if you do not have those in charge doing a job properly then ...then you can expect trouble... The bigger the organisation in this case the government .. The bigger amountbof people get affected..... Many MPs are not fit for purpose ... .that is ... and has been obvious the past 6 years... but plenty of waffle ideas .... but little positive achievement...hence where we are now..
Wonder what will be next week... The start of another 3 months to the next quarter results... And 3 months of the unknown again...... Bit like ground hog day.....the cycle seems to repeat its self......
Have a good day to you both...and weekend... ...thunderstorm here at the moment... Is that a bad sign..?
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