Monday 18 May 2009

L: 58% S:0% G: 58% N: 58% ~ $D 0% $G 0% $V 0% $P 0%

Very little change in positioning of the portfolio, the Raven has increased the short EUR position, but is also keeping an eye on JAVA and WYE as they look at attractive levels still and he'd be happy to increase his position if market risk got sold off aggressively.

Its also interesting to see this: http://www.ft.com/cms/s/0/0b4f8a9c-418a-11de-bdb7-00144feabdc0.html which is not only embarressing but also makes one wonder about the independance of the organisation?

Oh and the Raven would like to add one to the current forecast for unemployment by the end of the week as Michael Martin joins the queue at job centre plus.

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