:::renaissance chambara:::

Posts on quality, life, culture, the media, news & tech with a twist & a slice of Limey. I moved my blog to http://renaissancehambara.jp in December 2006, go there for the latest content.

Tuesday, January 25, 2005

 
Analysts discover bath tub and FX humour

Analysts at Credit Suisse First Boston found that companies who warn about profits tend to do so more than once. In a remarkable feat of arithmetic and hard work, CSFB analysts have managed to find something that business people have known for a long time.

This is a classic example in businesses of the bath tub effect, when you dip in performance it takes a while to move pieces around the board, alter your market offering and get back on top. The bottom of the bath is the reorganisation period and the sloping sides the time it takes to get into and out of trouble. Will this analytical statement of the obvious lead to a return in momentum funds? (Simply put a momentum fund trades on the principle that if a item has just increased in price, it will continue to do so for the short term, they will tend to trade in and out of stocks fast making small gains over and over again - think about the way brokers played chicken with ever rising prices of dot.com and telecoms stocks during the late 1990s through to 2000).

Thanks to Lawrence at the GLC Limited for this light humour (and remarkably clean language for financial services related humour):

LEAST used phrases in an FX dealing room

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