Confession

** It's true, I have failed to keep readers fully up to date with my actions. Apologies, but here it goes. I have bought into Thai property stocks a couple of days ago on the basis of two things...One...the overall market hit a technical support as mentioned before...the 660 level is the number I look at. And two...property company results will be released in the next week or so and they are universally going to be fantastic. Does this mean I have forgotton about the numerous problems still surrounding Thailand and the market?...no...it's just that I see a short term trading opportunity for a week or so.
** Don't worry...the Bear in me still rules. The RBS and Lloyds refinancing issue in the UK these last few days is a case in point. Otherwise known as YOU and I have NOT stopped (as tax payers) financing the banking system. And do you know why everything looks better now than six months ago?...because the bankers and brokers are making great money...and the TV networks report that stuff. As a broker (not a banker, thank g*d) I understand the mentality...short term gain and screw the rest!! Unfortunately, that (in the present environment) is the path to financial ruin.....for the mere mortals on the street that is. Let me know if you find a broker or banker who would be prepared to admit that...with the notable exception of Kirby Daley from NewEdge. It's NOT the done thing. Well, screw everybody else and let's talk the truth.... The rebound in markets and therefore sentiment is a confidence trick (in both senses of the word). To create a better economic environment the Powers require US (yep, you and me!) to spend more....and why would we do that?....because reported profits are higher and therefore everything is getting better. Bull!!!
** Reality is a weird thing. The good news these days is that a lot more people are NOT prepared to take verbatim the C**P that is fed to us by politicians and their ilk. Rock on!! My call?....trade when opportunities are there...and when they are not ask me for advice on where to park that cash for a safe haven. Otherwise known as...don't believe all that you read. Oops!...well, there goes my USP!!
** Comments on this post would be particularly appreciated. I would guess most readers feel as aggrieved as I am....let's debate!!!