Archive - Aug 9, 2010 - Blog entry

The BP Gulf disaster is turning the fundamental assumptions of the oil industry upside down. Major oil companies with deep pockets at risk are rushing to offload their existing offshore leases and partnerships in producing wells to avoid BP’s potential $30 billion hickey. Liability caps are nothing more than wishful thinking. The birth of a new distressed junk market. New life for the once moribund natural gas market. Look for $100/barrel by year end.

A tenth of Britain’s biggest companies are saddled with final salary pension schemes that dwarf their market value, according to a worrying report.

Traders often talk about trade entry, trade management, indicators, fear, greed and a host of tools that are designed to aid traders. It’s very seldom that traders discuss the most valuable tool a trader has…your body! This series of articles, will explore the effect trading as a vocation and lifestyle has on your body and what every trader can do to maintain the health of this most vital tool.

Do believe this? How could you?

The Thrill is Gone, Baby!!!

A potential new addition to the lineup of Chinese public transit system - the straddling "3D super bus" (????), proposed as a cheaper, greener and fast alternative to ease traffic jams and air pollution.

Markets in a Flash

· The USD seems to be regaining ground against the JPY after the currency pair showed the JPY rising.

· The GBP/USD is trading just below the 1.600 level, near to its 6 month highs. A break though this level may be significant.

· US equity futures are higher this morning indicating the equity markets will open higher at the bell.