Wednesday, 19 March 2008

Move along, nothing to see here - FSA

Ahem, the FSA is to investigate market abuse into the share price movements of HBOS today. To them there is a pattern which suggests market manipulation - by hedge funds no doubt.

Could this be the 4 hedge funds in deep-do at the moment that are desperate for a quick profit hit - (no names named at this point I am afraid)

As for HBOS - well CU does not own and has not traded any shares in this organisation, just in case you are reading MR Regulator.

We just tell it like it is, perhaps people do read this after all...

7 comments:

Steven_L said...

Are you suggesting there is more bad news to come out?

I hope so! I've spent the last 5 years listening to people boast about how much money they've made buying their house and telling me to do the same (when there was no way on Earth I could afford it) that I get this kind of an evil buzz by specuating on economic turmoil and winning as they blame US banks and trailer trash in the office.

I still think there's some shorting to go!

hovis said...

Is it not indicative of the fragility of the current situation that market rumours are "market abuse" and those spreading the rumours are "spivs and vagabonds". To my mind this all shows that emperor truly has no clothes.

CityUnslicker said...

Steven - plenty more bad news this year, unfortunately.

CityUnslicker said...

Hovis - exactly ....so it is all rumour they say- I am not so confident!

BlacquesJacquesShellacques said...

Why would Tim Worstall post on his blog (http://timworstall.com/) that if you read his blog, then you should email him, and all this with a link to your blog, when he could just post a comment here? Or did he and I missed it?

Anyway, he wants to contact you.

Good blogs both, thanks.

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