Wednesday, 19 November 2008

And we go lower

Ho Hum. Another day another sell off. Its amazing how much prices are correcting here in London. Rentals are down subtantially or should i say the bids are down but the offers are still staying at delusional levels. landlords : hit the best bid you can find and lock them in for 2 years straight!!!! there is no way in hell rents are going to return to 07 vintage no more baby! we have been screwed for too long and too much! time to buy an aston or a porsche as well i think. lowball bid some poor bloke and i think you will get hit! moral of the story : when times are good, keep saving your money. be a cheap bastard. they never last and as we all have found out, they dont give a shit when it comes to firing people.

Tuesday, 4 November 2008

Raise the Colours

markets calming down a little. wild october into a quiet november and possibly december. sell that december upside in financials. if there is a brief rally coming up, vols could get smoked beyond smoked. otherwise, stay small long gamma and small long put skew.........and buy cheap divvies for 09/10. someones got to payout something so why not risk it. think the markets have overpriced divvie cuts by way too much. parallels of the Asian financial crisis here.

on another note, London is gloomy once again with winter on the doorstep. eyeing a Leica M8.......sigh. anyone wanna trade.....sell the firstborn forward for a Leica. retail therapy is amazing sometimes. buy some shit and it keeps you happy for a while then buy some more shit and all the accessories.....then you get depressed again and buy more shit! good huh.

Thursday, 21 August 2008

Markets Getting Hit

well looks like doomsday is yet again upon us. Lehman getting smacked. Uk retailers got smacked. Been out of the market for a while now but looks like things have not changed much. Liquidity is still shite. Clients aren't doing much. Gamma is not realising.

nevertheless, i would be putting my money into US financials. Looks like they have taken quite a bit of pain already and have priced in quite a bit. would not bet the house though just in case. Wonder where Deutsche Bank divvys are trading now. Need to get my hands on a Bloomberg soon. Holidays first. In a dramatic shift in my priorities, i am fucking off for 2 months. Far East then NY. what a blast its going to be. My first Bear market holiday.

I still want an SP2 though. Once i get back into the swing of things........that lovely VTwin sound will be lulling my neighbours to sleep!

Saturday, 1 March 2008


tired. got me playstation finally. wonder if all the hype is worth it if one has no time to play the damn thing. markets look nervous, eurostoxx broke out of a bull trend, see further downside especially if credit lines start to tighten up on some of the hedgies. forced liquidation? possible but think only a 10% chance in equities, maybe 30 to 35% in the credit/mortgage market. equities seem to have weathered the storm but shorts are begining to pressure things down again. skew was firm as usual and there is a chance of a jump in vols next week. lets see .......

Sunday, 24 February 2008


ah the very first post, was thinking of something profound to write about but i think we shall leave it to mindless rubbish for now, got some ol skool george M pumping out of the speakers, waiting for dinner to be ready, must admit i like the sound of that saxophone in careless whisper. the day starts again tom, big figures out in the financials, gamma prob going to get offered, skew as well unless we see another crap out. massive short squeeze in the US at the close on the sx5e. well lets see.