A sobering chart if ever I saw one… Pity the poor Greek private sector pension funds and buy and hold merchants…. Anyone for a Greek island holiday this year (particularly when the Drachma refloats with a 60% drop against the pound….)?
From todays CNN site – “It’s hard to find a stock that is hated more on Wall Street — and, for that matter, on Bay Street in Toronto — than Research in Motion. Shares of the Waterloo, Ontario-based maker of the BlackBerry phone and PlayBook tablet are down nearly 20% this year. That follows a…
Interesting chart formation above. Here’s hoping it’s not a false breakout…
The chart below looks excessively oversold to me and so I have opened a position on the long side in Man Group today noting that Carlson Group have declared an opening short position of 0.3% of Man’s shares this morning. SBM v Carlson! Here’s the link to our feature on Man Group in the opening…
With the UK markets closed, the focus of attention was the European and US exchanges yesterday after the election results in Greece and France over the weekend. After a weak start, US markets recovered, with the S&P 500 flat on the day at 1,370 and the Dow down 30 points to 13,009. French stocks initially…
Interesting chart above that’s doing the rounds today on various financial sites. I can’t help but thinking however that it won’t be 3 in a row…. Another print in the Put:Call ratio above 1 today – 2 in 3 days – very rare. The ol stomach’s getting the feeling a rallys afoot…
Following on from my posts last week where I stated that I think the Ibex is making an important low, todays opening move to scratch the lows of 2009 is my trigger to go “balls to the wall” long. Am in for a 2-3 weeks swing trade now and looking for a move to…
Q: Will the markets continue to be slowed by the muddy track of the past month, when the investment weather turned less friendly? Or will they regain their footing to reaccelerate in the second half of the year, again confounding the gloom merchants, who keep repeating the looming risks that are both real and well understood?…
According to newspaper reports in the Kuwait al-Seyassah newspaper, the Kuwaiti national oil company has pulled out of talks with North Sea focused and Canadian TSX/UK AIM listed oil company Ithaca Energy. The company’s RNS in March stated they were in discussion with several bona fide bidders presumably including the Kuwaiti’s. So what now for…
The political landscape dramatically changed in Europe yesterday with a sea change in France following the departure of incumbent centre right President Nicolas Sarcozy to be replaced with socialist François Hollande. Sarcozy is the first French President since Valéry Giscard d’Estaing lost power in 1981 not to serve two consecutive terms illustrating that the sentiment of…
