Friday, June 23, 2006

Men and markets

Roman Holiday , Gelato and men


Caught Roman Holiday for about the 3rd time and was about the only time I was awake through most of the movie . Love Hepburn and Peck but the no brainer plot was ... No wonder I used to confuse it with the gigi movies

The men like to blame women for unrealistic expectations; but when perfection is embodied (vs an abstract list) very few can match up - just think Sidney (Mr Renaissance) on celluloid - then again a good example of eye of the beholder?!

It's like gelato - once you've had gelato , most other ice-cream is like milk popsicle


What next?


There has been talk comparing recent volatility to 1987 crash; frankly, everyone probably expects the equity markets to slide badly , it's merely the severity and length of time where analyst opinions differ. Sure , bond yields are low, interest rates are low but expectations are low too. Citigroup's analyst seems to think M&A will stave off the crash but for how long - at some point deflationary expectations may mean a preference for cash . Whether you're big (pensions, funds, bankers) or small, to sell you've gotta have someone with the $ and enough faith to buy on the other end, someone to hold the baby - one that's pooped or is about. The recent emerging market flap proves that. Ironically, there's only that number of markets to invest however globalised the world

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