FW: Trading loss in UBS - a first warning like in 2000 and 2008?

 

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1992: Nick Leeson:  Barings… è Ending Barings life…. http://en.wikipedia.org/wiki/Nick_Leeson

 

2008 : (Januar) -  Soc .Gen. Jerome Kerviel 4.9 billion loss    è Makes tanks later 2008..   link: http://en.wikipedia.org/wiki/January_2008_Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale_trading_loss_incident

 

September 2011: UBS Loss/Fraud 2 billion è http://www.20min.ch/finance/news/story/30822450

 

Think this is random? Hardly! Next is some HF – high profiled going under (I could easily imagine one specific one in the media often) and we have an almost repeat of 2000, 2007/08 …..

 

Let me stress for good orders sake: I remain focused on ‘Maximum Intervention’ as main theme for Q4 – which means more extend-and-pretend and probably slight risk-on environment despite the odds.

 

Alan P send me this pic:

 

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