Archive for the ‘Broker Notes’ Category

They Ate My Codpiece

By Derek On May 3, 2012 No Comments

From: Derek Hillen
Sent: Thursday, May 03, 2012 12:02 PM

“I still have twelve ships.”  - Admiral Yi Sun Shin, 1597

I am just back from a very interesting trip to the capital of Asia’s most successful country; Korea. I spent four days there with a client and came back mightily impressed. Having made my first trip to Seoul for the Olympics in 1988, I am no wide-eyed neophyte. During the Olympics, I took the opportunity to travel the length and breadth of the peninsula hitch hiking. (Note: NOBODY in Korea hitch hikes so if you have no money like I did then it is a great way to go…). Many years and many trips later, Seoul has really cleaned itself up. The city is spotless, the people are well dressed and polite and the buildings are tall, numerous and gleaming. There is a law

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Parting Shots

By Derek On March 15, 2012 No Comments

From: Derek Hillen
Sent: Thursday, March 15, 2012 11:47 AM

“GS Elevator Gossip:

#1: Some chick asked me what I would do with 10 million bucks. I told her I’d wonder where the rest of my money went.”

The Academy Award for Best Picture this year went to the silent film, “The Artist.” Market turnover in Hong Kong and the US has been equally quiet during the strange bull run in equities we have seen this quarter with the lowest turnover of the year for US markets occurring on Tuesday. Net outflows from US equity mutual funds continue apace with almost $5.5 bn draining away ytd. On top of that, corporate insiders have been selling in size with the sell to buy ratio hitting 13:1. Finally, IPO and M&A markets have also not seen enough activity to bolster confidence either. Such confidence, or hope, was easily

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Catholic High School Girls in Trouble

By Derek On February 29, 2012 No Comments

From: Derek Hillen
Sent: Wednesday, February 29, 2012 11:32 AM

“If there’s not drama and negativity in my life, all my songs will be really wack and boring or something.   - Eminem 

I don’t always focus on the negative but Catholic high school girls staying out after curfew can often get into all kinds of trouble, as seen in the classic intellectual film, “Kentucky Fried Movie.” The school girl skit within the movie featured acting luminaries as Lenka Novak (whose other screen success includes “Vampire Hookers“). With the Dow closing above the lucky 13,000 level for the first time in four years yesterday could markets be facing a similar scenario of staying “up” too late? I shouldn’t ruin a good party but the last time we saw this level the Dow proceeded to plunge 42% over the next six months (spurious, I know

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