"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Thursday, April 09, 2009

Take your profits and run

Apologies for hiatus - the drugs have been taking their toll.

TRUST ANYONE WHO TOOK THE ADVICE TO PILE INTO BANKS HAS NOW SOLD OFF, taken the prot and is sitting on healthy pile ofdosh - which should have easily doubled in size.

The old maket adage was ... "sell in May and go away" Well Old Patel's Almanac is "sell now and don't touch the market (whith the Footsie 100 is headed for 3,200 - 3,300) by end August 2009.

It will be at least Easter 2009 before this levels off .no ..not bottom , that suggests that we face an upward climb.

Parity will be acheived with the Euro fairly soon. Unemployment will hit (official figures) 32 Mn by October November.

The Budget statement will provide a horrendous forward view but Darling will be anxious to soothe the electorate - and we may even expect a snap election in Autumn.


Anonymous said...

January 2002

"New Labour linked to world's most corrupt firms"

"The Patricia Hewitt link"...


"Take your profits and run"

Anonymous said...

It is the greatest sadness that the spirit the new age that awaited us in 1945 was so soon forgotten...greed and self-enrichment reared it`s ugly head. Attlee & Co tried their best,the odds were always too high...God bless them for trying...


It`s all gone now...Nothing left.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish