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At last a glimmer of good news!

At last a glimmer of good news!

0 mins. to read

Japan’s Q1 GDP has come in ahead of expectations at 1%, compared with 0.1% in the fourth quarter of 2011. The growth was partly driven by infrastructure spending relating to the reconstruction efforts in the Tsunami area and consumer incentives to buy fuel efficient cars. In contrast, the Bank of England downgraded UK growth from…

S&P DOWN 9 DAYS OUT OF 11 – CLOSES ON the LOWS OF the DAY

S&P DOWN 9 DAYS OUT OF 11 – CLOSES ON the LOWS OF the DAY

1 mins. to read

And another day down – 9 out of 11. Vix upto 22, Put:Call ratio still firmly in bear camp territory.. . I had a couple of chats with various market participants and resignedness to the shakeout, forced selling and disgust were the prevailing sentiments relayed to me – to a contrarian trader, ones antannae are…

gREEK EXIT SCENARIOS

gREEK EXIT SCENARIOS

4 mins. to read

How does Greece leave the euro? In one scenario, a Greek authority would have to agree on a date with the rest of the euro zone for its departure and for the introduction of a new currency (let’s call it the new drachma). It would say that from that date, all public salaries, contracts and…

UNBELIEVABLE – FSA WERE AWARE OF POTENTIAL FRAUD WITHIN WORLDSPREADS 3 MONTHS BEFORE COLLAPSE

UNBELIEVABLE – FSA WERE AWARE OF POTENTIAL FRAUD WITHIN WORLDSPREADS 3 MONTHS BEFORE COLLAPSE

2 mins. to read

  Conor Foley former CEO of Worldspreads Worldspreads’ board and the Financial Services Authority were alerted to an alleged fraud at the group’s former Irish unit three months before Worldspreads filed for administration in March, citing accounting irregularities. The board of Marketspreads, formed by a 2009 buyout of Worldspreads’ Irish business, wrote to the Worldspreads board…

Oil and gold hit 2012 lows

Oil and gold hit 2012 lows

1 mins. to read

WTI crude oil went below $93 a barrel yesterday and Brent crude oil dropped to $110 a barrel. In early February, WTI crude was trading above $110 a barrel, so the price has dropped an astonishing 15% in the last 3 months or so.  Gold is trading at $1536, compared with $1612 at the beginning…

plus markets update

plus markets update

2 mins. to read

Looks like the various interested parties in Plus are re-circling the carcass of Messrs Cyril Theret (CEO) and Chairman Malcom Basing’s car crash… Following Spencer Wilson’s (of Amara Dhari – an 18% shareholder) vocalisation in the press yesterday of many shareholders (and Plus Market company members) sentiments on the current management of Plus, we understand…

more cracks in the facebook ‘story’…

more cracks in the facebook ‘story’…

1 mins. to read

You can bet the market will pick up ahead of this Fridays listing of Facebook – the “powers that be” (no not Voldemort!) will ensure that for certain! However, more cracks seem to be appearing in the Facebook story with the WSJ reporting that GM the automaker is to stop paying for on-line ads with…