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The rise of the machines…

The rise of the machines…

2 mins. to read

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relaying news that at least one, if not more, of the recently sacked UBS traders in the City have been replaced by Algorithms.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…

Chinese Data last week Shows continuing Improvement

Chinese Data last week Shows continuing Improvement

1 mins. to read

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…

Flushing exercise looks to be complete

Flushing exercise looks to be complete

0 mins. to read

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…

Chart du jour – food for thought… And opportunity

Chart du jour – food for thought… And opportunity

0 mins. to read

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.…

Hot money leaves Xcite Energy on wait for farm out

Hot money leaves Xcite Energy on wait for farm out

1 mins. to read

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…