Bank sharesOctober 8, 2008 Tim WorstallFinance10 CommentsSo, erm, is it time to buy bank shares yet? previousBritblog Roundup 190nextSmall thought 10 thoughts on “Bank shares” Mark Wadsworth October 8, 2008 at 10:03 am Not In My Name! … or anybody else’s, for that matter! Zero per cent of people polled voted for this as a solution to the banking ‘crisis’ (see my blog, link above). Chris Gilmour October 8, 2008 at 10:07 am No, its time for a snap election and a £50billion cut in income tax. Letters From A Tory October 8, 2008 at 9:31 am Not when shares have fallen another 6.5% in the first 90 minutes of trading this morning! http://lettersfromatory.wordpress.com Kit October 8, 2008 at 10:32 am Buy yesterday and sell today. 😉 DavidV October 8, 2008 at 10:36 am better to be short on oil!!! Kay Tie October 8, 2008 at 10:45 am “Not when shares have fallen another 6.5% in the first 90 minutes of trading this morning!” Within banking stocks the response is mixed. RBS is up 16%, HBOS is up 43%, Lloyds TSB is down 6%, Barclays is down 10%. Seems to me that the market thinks this is great for stressed banks and poor for solid banks. “better to be short on oil!!!” Oh the evils of short selling. I sold my oil at around $140/b. In fact the profits from that have almost exactly offset what I’ve lost on RBS so far. john b October 8, 2008 at 1:01 pm The trouble with oil shorting is that it’s a massive bet on how long the Yanks will successfully prop up the dollar – at some point in the next 2 years it’ll collapse, at which point oil futures holders will look silly even if real oil prices stay low… Mark Wadsworth October 8, 2008 at 2:28 pm John B, if you’re worried about that you can just short the dollar as well. john b October 8, 2008 at 3:14 pm True, but I’m sceptical that a decent proportion of them are actually doing so, and doing so rather reduces the bet’s returns. Kay Tie October 8, 2008 at 4:03 pm “John B, if you’re worried about that you can just short the dollar as well.” Short it against what? The Euro? The Pound? Helicopter Ben may be leading the race to the bottom, but are we sure that Darling or half of the Eurozone (once the Euro has broken apart) won’t beat him there? Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.