Eight Arms Are Better Than Two…
Zak Vora, July 8th, 2010
08/07/10
Years – Mids
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Change since 07/07/10
There’s been a lot of sport going on of late; in fact you’d have to have been stuck in solitary confinement in downtown Guatemala with a sack over yr head with Abba songs being blasted at you from all angles not to have noticed. But of all the action that’s been going on of late the one thing that has struck me as the highlight of the proceedings has to be the German octopus that has successfully been picking the winners of the various football games being played, and once again managed to predict the outcome successfully by opting for Spain over Germany last night. There have been cries from Germans that the octopus should become a tasty dish for such unpatriotic behaviour, but the tentacles can not lie.
The success of the prophetic octopus has reached the giddy heights of Goldmans where, rumour has it, a tentative $4million approach has been made to join the coveted prop desk, (think of the upside in all those arms being able to field the dealer boards). I’m left in awe and may never be able to look at sushi in the same way again.
Meanwhile something almost as awe inspiring, (yet so much duller), is the continued jobs growth down in jolly old Oz. Who would have ever though that a prisoner colony would turn out to be such a gold mine, (quite literally). As a result of the continued strong growth in jobs, any aspirations of a rate cut later on this year have been firmly crushed, as have the futures that have been knocked for six. Having gone short the AUD 3yr Bond only a few days ago pre-RBA at 95.52 for 10k a basis point with a take-profit at 95.30 I’m happy to bail out early at 95.32, (where it is), only as 95.31 just seems to be well supported. As a result I’m banking the 200k gain and heading off into the sunset to pick up some dodgey Perrier they loving call VB down there.
Have a good day…
This entry was posted
on Thursday, July 8th, 2010 at 6:40 pm and is filed under Blog, Featured.
