Sunday, May 6, 2012

Viva la revolution!

useless © fintag

News comments:
Sarkozy, France's Tony Bling Blair, is no more.

It is good to see the europhile lose but his replacement is going to be a nightmare for all of us.

Chatting to the second most detested person outside of an Investment Banker, my mate at Foxtons told me there has been a surge in interest in Fulham by Parisians mostly wanting to escape the clutches of Hollande. The man is no Obama socialist but a revolutionary. Be prepared for a rocky euro ride in the coming months as Merkel and Cameron enjoy a love in whilst the blancmange stirs trouble with France's credit rating and long term yields.

At last! We all love a nightmare; nightmares mean volatility (after the UK's bank holiday of course).

Today's shorts:
Twitter to save Greece (bangkokpost)

Today's longs:
Avengers to save us all (bloomberg)

France to re-introduce bull fighting.


Corp Tax said...

Economist has a great edition about Hollande and the trouble he will end up causing. Totally agree with your views. Markets have taken Hollande's win well but watch that change as he opens his mouth and rocks the boat. Bye bye Euro time to head lower than 1.30