Well, a pretty good call to short the FTSE yesterday has helped me stave of disastrous losses to keep them as just hideous. Many of my investments are in high risk AIM stocks and these have all taken a kicking this past two weeks, down 20% in places.
All are waiting to see what is going to happen in Europe with the Greek bail-out and more parochially with the UK Election. I expect plenty of cash is being freed up to short the FTSE 350 if there is a hung parliament on Friday. On the contrary a narrow Conservative win is going to cause a nice 3%+ bounce.
I don't even want to think about a Labour largest party result!
What this does prove to me is that Ken Clarke and George Osborne are correct, despite the catcalls of the ignorant lefties; the market will judge the electoral result harshly. You can see it in the markets already, clear as day.
The lefties might wish this problem away, but that does not change the facts.
What is interesting is the move in UK Gilts, bolstered to good levels (4% interest on 10yrs) by the fact that we are not Greece. These are ripe for a fall if there is a hung parliament.
I think I need to free up some more cash.