Via Bill Blain's Morning Porridge, “He spoke of lands not far, for lands they were in his mind, of fusion captured high, where reason captured his time..” If Carlsberg did weekends – that was probably the best Spring Bank Holiday in the history of the World.

and still wondering what to say about direction.

which is about as helpful as a stocks might go up or they might go down comment.

Once we understand the magic, its no longer so magical – and even a slight correction is expectations and valuations in the Tech Secfor will trigger a substantial fall in prices, which will inevitably pull down rest of market. That has been true of every single stock market sector darling since the railways.

All of which explains why markets are going nowhere at present.

Categories: ZH