Every year the Strategy Team at
Saxo Bank, a Danish
virtual bank, publishes a list of ten black swan class market events. Some of the more dramatic possibilities Saxo advance for 2009: crude trading down to $25 a barrel causing severe social unrest in Iran, the S&P 500 falling to 500, Chinese GDP approaching zero and several member states dropping the Euro. The complete
2009 list is here and for completeness their
2008 [ .pdf ] ,
2007 [ .pdf ] and
2006 lists [ .pdf ] are also available.
[more inside]
posted by Mutant
on Jan 7, 2009 -
32 comments
Follow the money: for the past year,
the big trade was short bank stocks, and use the cash to go long oil. Massively profitable, but now that trade is unwinding. So where is the big money being invested now? Lots of places:
diamonds,
fine art,
guitars, and
Madonna.
posted by Mutant
on Aug 20, 2008 -
36 comments