Nomura, owners of Lehmans and Instinet Europe as well as Chi-x, have made some interesting moves during this downturn.
The latest is that their key strategist for investments is none other than Fred Goodwin, otherwise known as Mr. Macro.
From Bloomberg today:
Mr. Macro, Stock Rally Prognosticator, Sees
April 24 (Bloomberg) — A global equity rally that stretched seven weeks on optimism the economy
is recovering may soon collapse as investors lose heart, says Nomura Holdings
Inc. strategist Fred Goodwin.
Would you Adam & Eve it (that's cockney slang for "Believe it!" to our overseas friends).
Maybe this is why Nomura has just announced $7 billion in net losses for their last full year of operations?
$7 billion is over double Nomura's annual revenues.
Maybe they'll get rid of him now too?
So it's obvious that he's been multi-tasking and moonlighting for a while now, whilst also running RBS.
No wonder it was all such a mess, but then you need something to top up the pension y'know.