Recent content by Erasmus

I assume Gove was put up as the 'stop Boris' candidate by party grandees. He'll get a decent cabinet post afterwards for his sacrifice...

Because speculative capital was massively short GBP going into the vote as a hedge against long-equity. Or to put another way, it was thought there was more downside to FX in an out-vote than equity since there would probably be a policy response like lower interest rates which would support...

And if it all goes to sh1t...

I'm sure it will all be fine :)

I quite like Charles Bukowski on doubt: 'The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence.'

My reference to a clusterfck is nothing to do with condescension towards or disdain for those who voted out (indeed I think the Remain camp has been way too arrogant in that regard), but I've spent a lot of time listening and reading around the post-vote situation, and are you not even a tiny...

Currently there is no head of the British government, only a caretaker PM who has said that he has no interest in negotiating towards something he does not believe in. It's possible that within a few days the Labour Party leader post will be similarly vacant. That would be unprecedented: the...

For fcks sake ladies, can you take this bickering to another thread. It's getting in the way of ffsear's (rather good) sports trading stuff.

This: https://www.youtube.com/watch?v=Kvhurpp-wDc&nohtml5=False But then my daughter hacked my Spotify account from her iPhone and it turned into this: https://www.youtube.com/watch?v=q604eed4ad0&nohtml5=False :(

It was a lot easier in 1999.....

The main reason for buybacks vs dividends (being cynical - but correct) is that many boards are paid bonuses based on EPS growth metrics. Reduce the 'S' and as you've already observed, EPS will go up despite absolutely no change in underlying earnings. Which is why fundamental analysis should...

Isn't that exactly what you want, if you know what you're doing?

Interesting. That's my hunting ground. You realise though that most companies listed in Hong Kong are Chinese rather than HK domestic and so you risk the translation effect of RMB, even if quoted in HKD?

I have rhodium hi-fi cables.... Anyway, the story is the same as all commodity booms and busts. High price brings immense investment into digging marginal holes in the ground assuming the price is sustainable, but guess what: it just drives a glut of supply and now you have a bunch of miners...

Market makers, etc are exempt, hedge funds and the like will use delta one derivs, eg CFDs.