Three’s a crowd
With another general election TV debate tonight I’ll be keeping an eye on the markets. After the last debate it seemed clear that Clegg won but I was surprised at how that translated into market movements. I am a big sceptic on polls during an election. Telling somebody how you will vote is an anathema to most people, so I don’t believe that a stranger asking how you are going to vote generates a valid opinion. As always, my preference is to go against the crowd as this often produces the biggest and most value ridden rewards so I’ll be constantly looking to pick up some short or long prices. It’s difficult to model something like the general election so this is one market where instinct will count for a lot.
The thing I do hope, is that there is a definite result in the election. The financial markets have been favourable on the UK despite it’s record deficit. It is relying upon the new government to take some really tough measures to reign in the massive and increasing national debt. If we elect a lame duck government the financial markets will not like it and that could spell trouble for the economy, big time. Anyhow, I’ll attempt to stay away while I watch the debate this evening to see if there are any opportunities.
Category: Using Bet Angel
