it’s just not the same, trying to balance the three-legged stool of equities, commodities and fixed-income with out our bond market brethren on the scene today. I guess dealing in government debt makes them more patriotic on this Veterans Day than the rest of us…
Just crossing on CNBC is news that US hedge fund superstar John Paulson has taken a big stake in the UK’s Cadbury. Not sure if he is considering a bid of his own for the company or expecting Kraft to up theirs.
With the market looking for catalysts, the Paulson news could throw cable a much-needed life line as it flirts with stops below 1.6550.
UPDATE; Looks like the Paulson news has been around for a while and may have aided the pound’s earlier recovery. Never mind.
