Spread Betting Diary

Spread Betting Diary
Gender inequality – only women have handwriting this neat

Click here for the latest Dear Diary comments.


17 May 2017: Exclusive! Obama’s Opinion on the Trump-Comey Sacking Debacle

Below, we have exclusive insight from Barack Obama on his thoughts regarding Donald Trump’s sacking of James Comey.

Barack Obama Laughing
“Trump is one dump SOB…”

No Stock Market Panic Yet

In the markets, the S&P 500 chart is looking a little softer, as is the NASDAQ chart.

Having said that, there’s no real panic yet amongst traders who’ve bought into the Trump-rally.


14 May 2017: Donald Trump Does the Hokey Cokey…

Albeit only by repeatedly putting his foot in his mouth.

Below, Bill Maher examines Trump’s firing FBI Director Comey… and the new admission that The Donald was going to do it anyway… irrespective of any advice from the Attorney General and the Deputy Attorney General.

Editor’s note – we don’t agree with Bill Maher’s June 2017 remarks/use of the N-word. There’s no place for that. Please leave all the stupid, daft-racist comments to the President.


12 May 2017: Are You Not Entertained?

Actually, no, not yet.

Come on, we don’t need egg throwing. For the election we just need people to drag politicians out of their comfort zone like Jillian Duffy did to Gordon Brown.

“She was just a sort of bigoted woman who said she used to be Labour”.

Watch the video below if you want to cringe for 5 minutes.
Sadly, a “hot mic” doesn’t ruin an election campaign, just ask The Donald.


9 May 2017: Political Spread Betting

That Theresa May’s lot are a shoo-in for a majority at the election is not news.

That she might emulate Margaret Thatcher’s win is raising a few eyebrows.

Let’s take a look at the political spread betting markets.

Political Spread Betting: Theresa May Laughing
“And then they chose Jeremy Corbyn… again!”


28 April 2017: Parliament Clichés: Long-term Economic Plan

Is this part of Hilter’s “Big Lie” technique… you know… the bit from Chapter 10 of Mein Kampf?

I.e. the “If you repeat a lie often enough, it becomes the truth”.

It seems that our beloved UK politicians are rather keen on a Long-term Economic Plan:



20 April 2017: I Miss David Cameron

That is not easy to write.

Believe me, I think Cameron is an idiot who gambled with Scotland and then gambled with the UK’s membership of the EU without having any kind of realistic plan.

Surely the Government had a duty to have a sensible plan for both Remain and Leave.

Anyway… it’s Friday and I’d rather take a look at some of Cameron’s finer moments at the despatch box.

Theresa May just isn’t cutting the mustard yet.



29 March 2017: All is Well in British Politics

Below Boris Johnson discusses the Donald Trump claim that GCHQ carried out surveillance on The Donald.

Clearly it’s an “absurd and ridiculous” claim and the damage done is like that of a “gnat against a rhino… or elephant”.

BoJo continues his feat of managing to be both funny and a d*** at the same time.

At least the Foreign Secretary’s comment might make a few more reporters ask The Donald about the supposed tapping.


A Gnat Against a Rhino…or Elephant
Or perhaps “a Boris Johnson vs a Japanese schoolboy” during some ‘touch’ rugby…




27 March 2017: World Gone Mad!

Someone has invented a machine that makes coffee…

Looking at the Starbucks chart, shareholders might have other concerns though…


26 March 2017: Amaze-on

That the Snapchat stock is overpriced is a bit old skool when it comes to tech valuations.

Take a look at the ever rising Amazon stock chart vs the comedy Price Earnings Ratio of 173!


21 March 2017: Forex Spread Betting Comparisons Getting Trickier

With so many spread betting companies only offering variable forex spreads, direct spread comparisons are becoming somewhat opaque.

And don’t be fooled by “Spreads from 0.7pt”…in reality that doesn’t mean 0.7pt.

See forex spread betting comparison.


20 March 2017: Annoying Spread Betting Inactivity Fees

We’ve now added “Inactivity Fees” aka “Dormant Account” fees to our spread betting account comparison.

Inactivity fees are an annoying cost that are creeping into the industry. It’s good to see some firms still aren’t charging them.


14 March 2016: Ping! Short Nikon and Apple Stock!

Kellyanne Conway, Counselor to The Donald, has come out with a cracker.

In trying to defend Trump’s accusation that Obama wire-tapped him during the election Kellyanne has suggested, albeit loosely, that Barack may have used microwaves that turn into cameras in order to tap Trump Towers.

Sharp-eyed tech investors will know that this innovation is clearly missing from the latest iPhone and Nikon are poor at kitchen appliances.

However, Samsung make microwave ovens AND smart phones so surely they have the competitive advantage here.

Tip: based on Conway’s knowledge it’s clearly time to short Nikon, short Apple and buy Samsung.



9 March 2017: Haming it Up

Yesterday, the UK Chancellor, Philip Hammond, played a blinder.

In his budget statement he managed to completely ignore Brexit (and all the nasty risk that it comes with).

He did this by distracting everyone with a nominal, and not unfair, increase in National Insurance Contributions (tax) for self-employed people.

Yes it goes against the Conservative Party manifesto pledge to not raise taxes but it’s far from shocking…

Politically this helps to distract from more Brexit chat AND by raising taxes it’s another little kick for the Labour Party.

From a market point of view, many traders were reported to be shrugging their shoulders and saying ‘meh’.

I think Hammond is relishing the character he’s playing, i.e. a dull and safe pair of hands.

Elsewhere:
  • arrow_forwardGold tested the support at $1,200. If that is broken we could see a slide towards $1,180.
  • arrow_forwardAnd in important forex news… just as I’m about to go skiing, sterling is still in a complete mess vs the euro… and pretty much any other leading currency. S***!

6 March 2017: Deutsche Spanked!

And Deutsche Bank is taking another beating dropping 5% on the open:
  • arrow_forwardThe beleaguered German bank is facing yet another legal issue over its ‘last look’ at the forex trades it was processing
  • arrow_forwardThe bank is also planning to raise a cheeky €8bn through another share sale…that’s the fourth time they’ve suggested that since 2010.
It’s rarely a good sign when banks constantly seek new capital.


3 March 2017: Snap IPO

For a company that doesn’t make a profit, Snap Inc, i.e. the Snapchat app firm, had a rather handy IPO yesterday.

The app makers are now worth more than ebay…

We’ve added a quick guide and live Snap Inc chart here.




2 March 2017: Drain the Swamp

Drain the Swamp
What a ****

First we had Mike Flynn’s sacking as the National Security Adviser for lying to the Vice President.

(General Flynn had spoken to the Russians when we wasn’t supposed to and then he apparently lied to Mike Pence about it).

Now we’ve got Jeff Sessions, the Attorney General, lying during his Senate confirmation hearing.

Asked whether the Trump election campaign team had been having chit-chats with the Russians during the Presidential campaign, Jeff said, “I’m not aware of any of those activities…I have been called a surrogate at a time or two in that campaign and I did not have communications with the Russians.”

The Washington Post has now pointed out that the Senator seems to have forgotten he met with Sergey Kislyak… twice during the campaign. Mr Kislyak is Russia’s ambassador to Washington, DC.

Oops.

Jeff Sessions is certainly controversial figure and is dogged by claims that he’s a daft racist… at the same time he’s thrived in Washington for 20 years… how did he not think he’d get caught out when he lied so blatantly during the hearing?

#FillTheSwamp

When The Donald said he’d drain the swamp perhaps he was talking about a quasi-reverse John Maynard Keynes style “pay a man to dig a hole and then pay another to fill it in”.

Although, in this case, it seems as though Donald Trump has been filling the swamp and now it’s draining on its own accord…

Pants on Fire Video…

And if you missed it… here’s Jeff telling a wee porky.



1 March 2017 – The Don

A couple of our favourite cartoons by Kal at the Economist re: Donald Trump.

No doubt there will be plenty more.

Keep up the good work Kal.

Trump vs Clinton Debates


Trump vs Statue of Liberty Cartoon


The Spread Betting Diary

A lot of trading diaries are based on fictitious wins or worse. Our spread betting diary is different, we just give a quick personal view of the markets and political world.

Please read the footer of our website re: “SpreadBetMagazine.com does not constitute investment advice etc.”

Thanks

Alex