A cracking episode with a lot of twists and turns that any active spreadbetter will relate to!
All or Nothing. Stocks tend to experience very long periods (5-20 years) of either anemic or exceptional returns, which we call Investment Regimes. For instance, the market returned 1.5% a year from 1962-82, before returning over 16% on an annualized basis from 1983-00. Since the end of the TMT bubble, stock returns have been close to…
One of the more interesting stories I cam across this week was on Bloomberg http://www.businessweek.com/news/2012-11-06/million-dollar-traders-replaced-with-machines-credit-markets) relaying news that at least one, if not more, of the recently sacked UBS traders in the City have been replaced by Algorithms. It must be pretty hard being replaced by a computer, however, computerisation for productivity improvements is hardly…
Economic releases last week out of China showed a significant improvement in the Chinese economy. Pretty much all the data were above market expectations and adds to our thesis that the worst is now behind the Chinese economy. At SBM we have been pointing our readers to this opportunity over the last few weeks months…
For some reason I feel that a blog, even boring old financial ones, should carry an element of human interest. The “interest” today is that I woke up at 8am rather than 6am (such an exciting life eh?!) as I intended to, and so as a result I am now horrifically behind in my work…
And so, as is always the case with these intense downdrafts that when you are in the middle of them seem to go on forever, it looks like a lot of flimsily capitalised players were flushed down the pan today on their positions. Bull signs that lead us to have high conviction in our index…
Rothschild and Bakrie UPDATE – 9 NOV 2012 – Todays announcement of continuing fractious relations between PT Bumi (the Indonesian main co) and Bumi Plc leads me to believe ever more that the only way for the Bakries to cleanly break and shed Natty is to offer cash to the remaining shareholders. Nat doesn’t hold…
With fear all pervading in the markets again at the moment, and a lot of blood being spilt as margin is being called in around the globe and the engine of the stock market rally in recent years – Apple – continues its deflation, the above chart caught my eye as we approach the weekend.…
Xcite Energy released their quarterly results for the period ending September 2012 which confirmed what Edison said in their recent broker report that farm out discussions and a new competent persons report would not be completed until 2013. After all the talk of an imminent reserves upgrade on the bulletin boards, the hot money looks…
