illusion friday, page-78

Novac said,

If you're unsure of what to do perhaps sitting on the sidelines until you get a clearer picture is the way to go. You don't lose by protecting your capital.

Yes. I follow Dave Landry who's plotting a range bound S&P 500. When I see a clear break there one way or another I'll have a better idea.

Your analysis is very convincing, and I can't say that you're wrong.

My advisers were equally convincing about Lloyds, though. But a few things have broken in their favour and I believe they'll report a half yearly profit this week of around 1b pounds.

Regards