Trading in London hasn’t even started but I’m expecting a big fall. The Dow closed down 200 points and the Fed made some interesting comments: http://biz.yahoo.com/ap/060605/wall_street_close.html?.v=5

This is exciting - a chance to make some money - i’m expecting a mini-crash and then a rally in the next few days. But don’t take my word for it: nobody knows anything.

A day for waiting - definitely not buying. Watch your portfolio plummet today.

What did you expect on 6-6-06?

All this just demonstrates the importance and effect of the macro environment. Price may vary up and down, sometimes quite significantly, yet this is nothing to do with the underlying fundamentals of the company; good and bad firms move with the tide.

Take Yahoo during the tech boom: it would double every few months; was that the company performing twice as well in that short space, no, it was just confidence in the market that pushed it to the stratosphere.

What’s going to happen to Microsoft? Google brings out a version Excel Spreadsheets..that’s a definite move to an online and easily accessible alternative version of MS Office. They haven’t been innovating: they need to speak to this guy: creativity-management.com/

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