Revulsion or Lack of Interest?
Sunday, November 16, 2008 | 02:00 AM
in Trading
Andrew Lees of UBS writes:
Yesterday’s equity rally was fascinating; not because of the excitement it has caused but because of the sheer lack of interest and belief. Having spoken to half a dozen people this morning about it, without exception no one either bothered to try and explain it or thought anything of it, and certainly no one even remotely suggested that it may be the start of something bigger. This is very understandable; business risk has removed any interest in the business of making money.
Sunday, November 16, 2008 | 02:00 AM | Permalink
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