Black Beauty: A thoroughbred quadruped?

Obviously ,there seems to be less scepticism daily in the City that Lloyds will cut the dividend.But on here we've thought that all along,havn't we.

I think the Income Funds, realising this, have been buying in big time - and it becomes self propelling as they see the yield reducing with each tick up in the price.Bargains aren't around for ever!

Not to mention all the chartists who just about now might think that some key upward resistance level has been broken and all the shorters closing positions before they jump off the end of the pier!