Category Archives: equities

The sage of CMC Markets

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Michael Hewson: han är respekterad för sina öppna och direkta åsikter om vad som händer på marknaden

Dalrymple realises how foolishly he has frittered away so much of his time when he reads the following statement by Michael Hewson of CMC Markets:

Having had a couple of days to absorb the details of the new Greece debt deal, equity markets have continued to remain upbeat, despite the fact that the proposal is economically illiterate and probably doomed to fail.

Dalrymple comments:

Economically illiterate and only probably doomed to fail? In other words, the link between economic literacy on the one hand and success or failure on the other is uncertain at best. Economically illiterate but possibly will succeed? Economically literate but possibly will fail? Mr Hewson of CMC Markets clearly doesn’t want to put all his eggs in one predictive basket. Therefore I say, throw economics to the dogs.