The fingers in decisionmakingThe bubbles are what they were

If a long-term investment is sometimes short term investments failed, a placement in the short term that can also be a so-called long-term investment that hides well his game. Realizing a capital gain of more than 70 of long term participation in Barclays which finally lasted less than eight months, Abu Dhabi has surprised fellows who were accustomed to see Middle Eastern sovereign wealth funds and Asian fill the barrels of the down the drain created by bankers of Wall Street and the City in exchange for hopes of gain capital more than hypothetical. Sheikh Mansour Fund yet behaved in shareholder advised by taking advantage of the doubling of the Bank values in Europe and the United States from their low point last March. The 2.4 billion of capital gains realized in the British will do that put placed late 2007 a little balm on the potential losses to $ 7.5 billion in Citigroup, whose title has been since divided by more than a decade. But by clearly stating that the King is naked, the Emir could sound the death knell of a stock market rally which leaves the Bank values of 40 to 50 below their level of before the bankruptcy of Lehman Brothers.

Dow Profile

When Charles Dow creates the index that bears his name in 1884, 9 of 11 companies that make it up are railway companies. The horse of steel is the central element of the network which has developed on the rails the industrial revolution. Cisco routers, they weave the new global world and its videoconferencing systems save millions of dollars to the multinationals who are practicing. It is therefore legitimate that the California leaving the replacements bench to play instead of a General Motors spent more than eighty years of game. However, the reason that led to the preference to Apple or Google is less rational. The influence of the "three Musketeers" on the digital economy is equivalent as their market value (Cisco: 113 billion;) Google: 145; Apple: 139). On the other hand, the price of the title of Cisco is $ 19 against 139 for Apple and 426 for Google. However, top established by Mister Dow is, with the Nikkei 225, the last dinosaur to be built in proportion to the price of shares and non-value companies. So Apple had chosen, its variations would have weighed twice more on the index than those of Exxon, while the tanker is two and a half times. What explain also that Wall Street investors turn away as much of this vehicle, drivers of motor cars from GM.

The fingers in decision-making

The bubbles are what they were. Look at the price paid by the Verbund Austrian electrician up to the capital of Poweo, that energy could almost as a poor relative of the Web of the 2000s. The transaction values at 1,600 euros only (included debt) each client alternative energy operator founded by Charles Beigbeder, when was transferred to a German bank broker SelfTrade for 30,000 euros online the Subscriber. This bubble here remains not less rewarding than nine years ago when the start-up is bought and sold number of clicks. The 29 euros per share to which the contractor disengages participation of 13.4 represent the triple adjusted course of introduction on the stock exchange for five years ago, and have the merit to be in cash, when SelfTrade was acquired with a paper which had fallen by 75 within fifteen months. However, the stock market rebound of the past, limited to approximately 20 while the premium from the operation amounted to 58, suggests that the minority shareholder would be the last to enjoy. Stuck between two large shareholders controlling nearly three quarters of the capital and removing the speculative attractive its title, it now awaits the dilutive impact of a capital increase of 30 of the current market capitalization. The alternative is returned in the rank.