ANYONE KNOW WHY THE ROYAL BANK OF SCOTLAND IS SHOWING A SHARE PRICE AROUND THE 6.59 MARK WHEN IT WAS 18.00 OR SO THE OTHER WEEK OR AM I GOING STRANGE?????????????

and just cos rest of world and u r fine, doesnt mean that things r ok........stop thinking i'm alright jack......look at shit state uk is in......immigration ut of control, violence, vandalism rampant.....debt is massive...economy is nackered and will take about 30 years to get back on track

what biz u got cynic......u r on this website every minute of every day!!

in simple terms, it's shipping related .... and by the way, who will look after me if i don't? ..... and surely the salubrious part of aberdeen that you inhabit is well insulated against most of the (perceived) ills that you nominate!

and also to remind you, and as posted earlier today, i sold BARC 10/14 days ago (i think) albeit at a nasty loss

ITS shipping TOO. NO NASTY LOSSES.

shipping is currently enjoying a huge boom, but remain aware that it is cyclical

Strange how no trades were showing this morning until 0805hrs. Never known this before re RBS. At 0805 plus a few seconds a sudden flurry came through. No doubt many trades were being carried out between 0800 and 0805, but presumably the high volume held them back. Weird or what.

the builders and banks don't open atm till about 8.05

Dealer,

Thanks for that. Did not realise, just took it for granted they all opened trade times same. Learned something new.

Has just been the last week for some reason.
Presume the MM's playing games in that they know they will be very volatile in that time and of course they don't want us to make money do they!

Yes, it is strange, but as you say it's the same with all the banks/builders, as I have just checked several. Wheeling and dealings going on no doubt.

Lloyds and RBS in extended auction this AM. Limit Sell got me out at 175.4p so more than happy with that.

these people want to rule britain and take over the world. they want to make decisions on other countries but dont want others to have any influence in their own decisions. they want the north sea oil for themelves while they also want to enjoy the benefts of the UK like the city. but they want no part of the tough foreign policy decisions the UK has to make. well its all over now.

Sell......... big important meetings today/morrow frm inside

lol....whats that supposed to mean

nearly back at rights price.
I wonder how many will offload?

Ampuriabrava,

"Sell......... big important meetings today/morrow frm inside".

Could you please post your contact details, as I would like your advice on my other stocks.

best to charge for such important information rather than post it for free on the internet

Borrowing to Lend.

It was mentioned over the weekend that many banks, building societies have started reducing their mortgage lending rates.
As already stated here, these financial institutions are in the business of lending money. As obvious as it sounds, to gain sufficient cash to lend out, they need to encourage those with money to invest with them. Due to lack of investment cash, investment/interest rates have been steadily climbing as they all vie with each other for our savings. As the amounts lent out have dropped drastically, partly due to more prudence on these institutions lending criteria, but mainly due to the lending interest rates being higher than any time in the last decade and the increased costs of just about everything, meaning the chances to save greatly diminishing.
Over the last 6 months every time I have read that lending interest rates would not reduce until well into 2009, I have failed to see why not.
It's supply and demand. If something is too expensive (loans/mortgages) to buy, the prices are reduced in order to encourage custom.
If these financial institutions want to continue in business, they NEED to lend money out just as much as they need to get money in. How else are they going to pay investors the high interest amount they continue to tempt us with.
The situation is different from the last 2 financial crashes when interest rates continually climbed for many months, with inflation well into double (official) figures. If my memory serves me right, banks/building societies were not fighting for your cash as they are now, and most of the money problems were home grown not so much world lead as they are now.
Not being an expert I have tried to fathom out the view of the so called financial experts.
Perhaps the view that I have is too simplistic, and no doubt others with a better/deeper understanding will argue to above points of view, which are obviously all IMHO.

theres no money market.....its as simple as that!

hbos is mainly uk and its suffering too like other banks which are more world-wide.......globally banks rsame problem whether its swiss, german or usa

Exactly, as you say there is no market, but that is why the banks etc need to try to make one. In the crisis of the 80s with inflation in double figures and unemployment far higher than now less people were looking for loans. Also the general loan mentality was different as people were more wary of debt.
There appeared to be a higher fear of debt factor, than there is now. Now days people are more likely to look at debt as a way out of money problems. If you look at the average person debt in 2008 it is far higher, after taking inflationary facts into consideration than it was in the 1980,s. People have an ever increasing belief of spend now pay back whenever.
The huge percentage of GDP government debt is not assisting in a message of prudence either, so whilst I agree the market is not there, the financial institutions are fighting for a slice if the savings cake more than they ever have.
At the moment some are offering saving bonds of 6 months duration, something which I have never seen before, not to none corporate clients anyway.
Once their savings books build they can't just sit on it, they have to lend it out.
Not saying it won't take time to get back to pre credit crunch levels (if ever) but the monetary circle will always go round.