Taking a glance at the headlines in Europe, all I see is the world’s “woes” cropping up. Either we’re dealing with cowboys, or the market sentiment is decidedly bearish. I’ll let you be the judge… Bloomberg: “Worst Earnings Letdown Since Crisis Adding To Europe Stock Woes” Channel NewsAsia: “European Stocks Hammered By
Have you ever read John Steinbeck’s Of Mice and Men? It’s part of the high school curriculum in many western countries. The story is of two lonely and alienated farm labourers in the depression. One, George, who is sharp and quick, and the other, Lennie, who is physically huge and
I recall a long time ago when I was easily excited by the unqualified love of young inebriated women, hedonistic experiences, fast cars, guns and seemingly unusual setups in financial markets, which promised fortunes if traded correctly. I now find that I just enjoy a day with my kids and
Some anecdotal evidence first… I recently corresponded with a friend in Europe who consults to a number of hedge funds managing predominantly European and British money. He mentioned that across the board his clients are increasingly concerned about equities and are seeking to hold more cash. I asked him if
In a past life, while still in the clutches of the investment banking world, I’d made a few friends in the “trading fraternity” and visited them on a regular basis for work and social reasons. When it came to markets, opinions varied little within the group. Traders were unanimously bullish
It seems as if all the present focus in financial markets is on Europe and “solving” their debt crisis. Debt is by far the biggest problem facing the developed world. What is interesting is that there lurks a far greater crisis on the horizon in my opinion, one that dwarfs
I’m a bit rushed today. Airports, taxis, meetings… As such, if this post appears rushed that’s because it is being typed while trying to ignore the woman on my right, who won’t shut up about her “lovely new condo she’s purchased which EVERYONE should see.” Note to self… freaking insane!