GOOD for the economy GOOD for LLOY..........

UK PMI rises to 53.7 in OctOBER at highest level since Nov 07

Confidence is starting to return to UK manufacturing sector with the Purchasing Managers' Index ( PMI) moving up to 53.7, its highest level since November 2007.

The 3.8 monthly gain in the PMI from September's revised figure of 49.9 was the third largest gain in the history of the series.

Underlying the improvement were marked rebounds in the rates of expansion for both production and new work received. Output increased to the greatest extent since November 2007 as growth of new orders hit a sixty-nine month peak.

Companies indicated that higher levels of new business encouraged the restart of some production lines. There were also reports of market conditions starting to improve, despite remaining tough overall, and clients moving closer to restocking following a sustained period of inventory depletion.

The level of new export business rose slightly for the third month running in October, partly reflecting the weak sterling exchange rate but also improving overseas markets.

Looking ahead, the new orders-to-stocks of finished goods ratio which tends to move in advance of the trend in production rose to its highest level since data were first collected in January 1992.

Staffing levels fell for the eighteenth successive month in October. Companies linked lower employment to cost control initiatives and redundancies. Although the rate of decline was rapid it was the slowest since June 2008.

unemployment predicted to go to 4 million......maybe more!

MRSI - while accepting it's a fantasy portfolio, unless i am much mistaken your own philosophy is to be a day-trader .... if so, surely that throws into question whether day-trading is such a good idea, though equally, it would have been a brave (or foolish) man who hung on through all the market vicissitudes

Mastermy Palestinian friendwhat is your prediction for lloy sp at xmas now?if you remember I guessed lloy 60p when you was chirping at the sp of 1-10 on the 24th of Septyou might well end up proven correct but I would rather stick a "Seymour" on black and spin the wheel
Master RSI - 24 Sep 2009 11:24 - 726
I have giving prove of my dealing and predictions
What is your predictions from this dramatically reduced sp?NO Mock of the Week!just interested if you have revised your view

The government plans to invest a further 30billion in Lloyds and RSB. They also propose to break these institutions up in what would effectively be an asset stripping exercise. Since this will inevitably effect the share prices, the question I have is:

Isn't this some form of insider dealing?

cynic

re - MRSI - while accepting it's a fantasy portfolio, unless i am much mistaken your own philosophy is to be a day-trader ....

I understand your concerns but it seems you have not followed me properly specialy in this thread.

As I said before I have a PORTFOLIO and had put some money aside for short term trading aswell.

I do mostly short term trading ( not allways day trading ) as it can last 3 to 5 days or more depending on the short term uptrend of the share at the time.

But I have a PORTOFOLIO, for long term aswell, the last one build, much as the same time as the FANTASY PORT, but much extensive on numbers ( most of the Fantasy plus others since. )

I do have plenty of spare time, and I used that for trading, as the same time I am running the "UPS" thread ( now lasting 8 years, week after week ), were other investors used their opinion aswell, about which shares are ready to move UP during the week.

To have only a PORTFOLIO is a bit boring for me nowdays, after being on the stockmarket for ages ( decades ), I need something more of day to day thing.

DJ Virgin To Set Up Bank In 2010, Looking At Assets - Founder

MILAN (Dow Jones)--Virgin Group founder Richard Branson Monday confirmed the group's intention to launch a new bank - Virgin Bank - in the new year, adding that Virgin Money is looking at the assets of three U.K.-based banks.

"We will be setting up the new bank in the new year," Branson said.

"We may also buy some assets of the nationalized banks," he added.

Last week Virgin Money, a unit of the group, said it has submitted its application with the U.K.'s Financial Services Authority to open a bank.

According to press reports, Virgin Money is looking at bidding for Northern Rock assets. Royal Bank of Scotland Group PLC (RBS) and Lloyds Banking Group PLC (LYG) are expected to announce business divestments as early as Tuesday, in a move to fulfill requirements by the European Union after being bailed out by the U.K. government last year.

Branson didn't comment when asked about a direct interest in Northern Rock.

When asked about the possibility of continuing the sponsorship of Formula 1 team Brawn, Branson said an announcement will be done in a month's time.

FSA: creating narrow banks could raise risk
Mon Nov 2, 2009 10:16am GMT

LONDON (Reuters) - Breaking up Britain's banks to legally separate retail from investment banking could increase risks in the system, the country's top financial watchdog said on Monday.

Adair Turner, chairman of the Financial Services Authority, said there was no "silver bullet" to tackling the so-called "too big to fail" issue with systemically important banks.

"The extreme narrow banking proposal is clearly doable in practical terms, a law could be passed which achieved this effect, but I believe would fail to address the most vital problem and could produce a financial system even more vulnerable to instability than today's," Financial Services Authority Chairman, Adair Turner said.

"Such a division would clearly not be a policy response sufficient in itself," Turner told an FSA conference.

Many of Britain's banks have had to be shored up at huge cost to the taxpayer, sparking a debate on whether bank's need clear legal separation of commercial and riskier investment banking activities.

Bank of England Governor, Mervyn King, has called for such break ups but has also been rebuffed by the government.

Turner said such a "Glass Steagall" approach -- named after a now defunct U.S. law -- could be best pursued through heavier capital requirements on riskier banking operations.

Such heavier capital requirements are being worked out by the international Basel Committee on Banking Supervision and will make a "very major contribution to addressing the 'too big to fail' problem," Turner said.

"We need a fundamental review of the trading book capital regime and a bias to conservatism for riskier and purely proprietary activities," Turner added

MasterI thought you were a grumpy young manit now appears you are a grumpy old man?now listen this is some good advice.
Go and see your doctor and asked for a prescription of Viagra The doctor will say How many do you want?" Tell him "Just a few maybe 4.. then cut each one into 4 pieces"
If the doctor says "That won't do you any good"Tell him that you are past the age of sexbut are after something that will make it stick out far enough to avoid pissing on your shoessneaky ahh

Tabasco

re - Go and see your doctor and asked for a prescription of Viagra

I did start early age on the Share business, but maybe I am not as OLD as you think, and on a very good shape aswell, no so long ago, on one of my daily exercises, I was hanging by my foot from a branch tree ( 2.50 meters high )

Still managing pretty OK on that way, but maybe I will needed for what you said "lovely" wife of yours, I am a good "ONE to ONE" lover, not a SEX maniac like you.

re- joke

I posted the joke 5 or 6 years ago on my UPS thread, but a bit better ( it was the counter man saying..... not the doctor)

Masterif I am ever in your areaI will buy you a beer or twoas long as you promise not to talk about the war

re -VIAGRA joke

An elderly gentleman went to the local drug store and asked the pharmacist for Viagra.

The pharmacist said "That's no problem. How many do you want?"

The man answered, "Just a few, maybe 4, but cut each one in 4 pieces,"

The pharmacist said, "that won't do you any good,"

The elderly gentleman said, "That's all right. I don't need them for sex anymore as I am over 80 years old.
I just want it to stick out far enough so I don't pee on my shoes."

Tabasco

the type of jokes you are familiar with ...


An old man is standing at the bus stop staring very hard at the young man next to him
who has spiky orange, green and blue hair.

The young man, realising he's being watched, turns to the old man and says,

"What are you looking at, Old Man, didn't you ever do anything wild when you were young?"

"Well, Yes," replies the old man, "I once had sex with a parrot and I was just wondering if you might be my son."

Masterif you are embarrassed to go to the doctorlet Dil know please dont steal anyI would hate to see you become a hardened criminala man of your age wouldnt last five minutes in the scrubsyou wouldnt know which way to turn?

Masterare the jokes funnier when you write them in colour?if socould you put the Lloyds header up in Pink?

tabasco

RE - could you put the Lloyds header up in Pink?

THE PINK COLOUR MUST BE all over your face after consuming so many bottles or maybe is
RED then it says you are ready for BED.

I take it youre a Horlicks man

re - I take it youre a Horlicks man

No, but maybe I have taken them a couple times on my life.

But certainly I will not take alcohol during working hours an many evenings I go without, but I give myself a few pints on the relaxing weekend during some live music and a good dancing routine ( that YES I am good at also, at least is what others say)

Not doing too well ahead of tomorrows BIG news.............

tabasco

It that what represents part of your life