The weather in the UK, is so damn unpredictable, on Thursday the temperatures are north of 15 degree Celcius, and on Sunday there is snow. As one friend had rightly pointed out, "Never go short vol(ality) on UK weather"
Again today there was heavy snow (about an inch) till noon, while in the evening at 5PM it is bright and sunny all over again. (Though it looked nice and bright, with lots of sunshine, it was a bit too cold outside)
As it is said in Chaos Theory a butterfly flapping its wings in rain forests of Brazil, might cause a storm in India. Well if that is true, I am sure there might be a bunch of butterflys flapping their wings somewhere, which causes total chaos of the weather in London.
(Though I guess there are reasons for the weather to be so volatile here, I guess it is just too volatile for a person coming from a place where is summer for 8 months and rains for 4, with little variations)
Sunday, April 06, 2008
Tuesday, April 01, 2008
Aprils Fool
You know it is Aprils Fool Day when
The biggest bank in Switzerland (UBS) announces US$ 19 billion of writedowns in its quarterly results, posts a net loss for the quarter and the share price goes up.
Though analyst estimates were US$ 11 billion of writedowns, the losses were greater than expected.
Dont know what was happening?
Was it like the shareholders thought UBS was playing an April Fools prank on them?
Well I do agree on the saying
"Markets can remain irrational longer than you can remain solvent"
DISCLAIMER:
I DO NOT WORK FOR UBS AND HAVE NO VIEWS ON THE STOCK PRICE NOR DO I OWN ANY.
THIS IS MY PERSONAL VIEW AND MY SURPRISE ABOUT STOCK PRICES BEHAVING IN A CERTAIN WAY ON A CERTAIN DAY.
THIS VIEW IS NOT SHARED BY MY EMPLOYERS OR COLLEAGUES.
The biggest bank in Switzerland (UBS) announces US$ 19 billion of writedowns in its quarterly results, posts a net loss for the quarter and the share price goes up.
Though analyst estimates were US$ 11 billion of writedowns, the losses were greater than expected.
Dont know what was happening?
Was it like the shareholders thought UBS was playing an April Fools prank on them?
Well I do agree on the saying
"Markets can remain irrational longer than you can remain solvent"
DISCLAIMER:
I DO NOT WORK FOR UBS AND HAVE NO VIEWS ON THE STOCK PRICE NOR DO I OWN ANY.
THIS IS MY PERSONAL VIEW AND MY SURPRISE ABOUT STOCK PRICES BEHAVING IN A CERTAIN WAY ON A CERTAIN DAY.
THIS VIEW IS NOT SHARED BY MY EMPLOYERS OR COLLEAGUES.
Daylight Savings
It is the last sunday of March and the Daylight Savings for the year begins in the UK.
The clocks will be turned ahead by one hour (Thus London is now 1 hour behind GMT and 4h 30 mins after Indian Standard Time)
The problem is, it means i need to wake up an hour earlier tomorrow.
This Daylight saving creates more problems, and the adjustment is done at 1 AM, thus after 00:59 the clock straight away moves to 2:00.
The problem would be encountered when day light savings is abandoned and we move back to GMT on the last sunday in October.
Clock moves back one hour at 2:00 AM. hence After 1:59 AM clock moves back to 1:00 AM and hence times between 1AM and 2AM come twice.
This can surely cause lots of trouble on the last sunday of October.
(especially if you are flying from western europe to UK where the time difference is also one hour)
though Daylight savings has its advantages, (proposed by benjamin franklin to reduce energy consumption) I am sure it creates all sorts of headaches.
What do my esteemed readers feel about daylight savings themselves
The clocks will be turned ahead by one hour (Thus London is now 1 hour behind GMT and 4h 30 mins after Indian Standard Time)
The problem is, it means i need to wake up an hour earlier tomorrow.
This Daylight saving creates more problems, and the adjustment is done at 1 AM, thus after 00:59 the clock straight away moves to 2:00.
The problem would be encountered when day light savings is abandoned and we move back to GMT on the last sunday in October.
Clock moves back one hour at 2:00 AM. hence After 1:59 AM clock moves back to 1:00 AM and hence times between 1AM and 2AM come twice.
This can surely cause lots of trouble on the last sunday of October.
(especially if you are flying from western europe to UK where the time difference is also one hour)
though Daylight savings has its advantages, (proposed by benjamin franklin to reduce energy consumption) I am sure it creates all sorts of headaches.
What do my esteemed readers feel about daylight savings themselves
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