Skip to content Skip to footer

December 2019

Kindly find here below an update on our Nov 4 report :

A) December 15 is approaching. The decisions and comments on tariffs can lead the Market either higher or substantially lower. Tactically we reduce portfolios Betas.

B) We like the 2019 profits. As a consequence we are reducing short option positions, high beta exposures and create some cash. We prefer to include in the portfolio solid risk arbitrage situations, and lower Beta stocks.

C) We do not forget famous quotes like :

a ) “more money is lost anticipating a recession rather than from the recession itself ”.

b) “The stock market cemetery is full of market timers.”

c) “we have plenty of team managers in the stands and every Monday morning.”

D) If the market falls we will have the usual chorus of “I could see it coming”, “have sold my stocks” etc…etc… The problem is that these “Monday morning managers” did not own stocks during the wealth creation mechanism of market appreciations.

As a conclusion, We are only trying here an ex ante (not…ex post) adjustment to reflect our recent risk appetite.


  • Ensusly
    Posted February 21, 2023 at 11:11 am

    Our data also show that patients with multiple hepatocellular adenomas are more likely to have progressive disease regardless of surgery, with hepatocyte nuclear factor 1О± inactivated hepatocellular adenomas being the most common subtype showing progression cialis pills A Coriolus medicinal mushroom blend inhibited cell proliferation and induced G2 M cell cycle arrest in an invasive breast cancer cell line 15

  • Roardyrok
    Posted April 22, 2023 at 1:47 am

    generic cialis online Susan G Hilsenbeck

  • invoicy
    Posted May 24, 2023 at 9:25 pm

    Severe iron toxicity may occur in overdose, particularly when ingested by children; iron is a leading cause of fatal poisoning in children younger than 6 yr; store out of children s reach and in children resistant containers can viagra be used to control blood pressure tv It s pretty clear for instance that a warehouse fire is meant to suggest the burning of the Reichstag, but it s helpful to know that the mayor, Dogsborough, is meant to represent President Hindenberg while gang members are based on Röhm a glitteringly sinister Michael Feast, going down in a deafening blast of Tommy gun fire, Göring and Goebbels among others

  • invoicy
    Posted June 5, 2023 at 8:21 pm

    lopressor hydrochlorothiazide rash pictures Australian scientists reviewed over 3, 000 studies on the possible link between diabetes and disability priligy at walgreens

  • riuQUOWz
    Posted July 2, 2023 at 6:36 am

    generic cialis for sale American College of Obstetricians and Gynecologists Early Pregnancy Loss Miscarriage and Molar Pregnancy Repeated Miscarriage

  • fRESiiDt
    Posted August 5, 2023 at 3:42 am

    I am on gonal- f as well viagra 100mg price However, some women are reluctant to use hrt while others have mild symptoms and are looking for alternative options

  • Exkskw
    Posted August 12, 2023 at 7:38 am

    tricor order buy fenofibrate online cheap cost tricor 200mg

  • Jlmhhb
    Posted August 18, 2023 at 3:46 pm

    order generic ketotifen 1 mg zaditor 1 mg cost imipramine drug

  • Wiipcl
    Posted August 20, 2023 at 9:26 pm

    minoxytop canada minoxidil solution best ed pills at gnc

  • Idxywo
    Posted August 21, 2023 at 12:50 pm

    buy generic precose repaglinide 2mg pill order fulvicin 250 mg online cheap

  • Uuvghx
    Posted August 23, 2023 at 12:42 pm

    purchase aspirin for sale buy zovirax generic imiquad price

  • Dacwhv
    Posted August 26, 2023 at 7:25 am

    buy dipyridamole pill purchase dipyridamole generic order pravachol 10mg for sale

  • Eyewvo
    Posted August 26, 2023 at 8:43 pm

    meloset price buy desogestrel pills buy cheap generic danazol

  • Gjrvsf
    Posted August 29, 2023 at 11:38 am

    dydrogesterone 10mg cheap jardiance order online order empagliflozin 25mg

  • Auisaj
    Posted August 30, 2023 at 10:58 am

    florinef drug buy rabeprazole 20mg generic buy generic imodium 2mg

  • Yjhnrf
    Posted September 1, 2023 at 6:17 am

    monograph 600mg canada buy mebeverine 135 mg sale buy generic cilostazol for sale

  • Fhdyem
    Posted September 2, 2023 at 10:55 am

    generic prasugrel thorazine 100mg pills detrol 1mg for sale

  • MichaelmeflY
    Posted September 2, 2023 at 3:35 pm

    To understand actual dispatch, follow these tips:

    Look for credible sources: It’s high-ranking to secure that the expos‚ outset you are reading is worthy and unbiased. Some examples of virtuous sources include BBC, Reuters, and The Modish York Times. Announce multiple sources to get back at a well-rounded understanding of a discriminating news event. This can improve you listen to a more ended facsimile and dodge bias. Be hep of the position the article is coming from, as flush with respectable news sources can be dressed bias. Fact-check the low-down with another commencement if a scandal article seems too staggering or unbelievable. Forever fetch inevitable you are reading a current article, as expos‚ can substitute quickly.

    Nearby following these tips, you can become a more aware of dispatch reader and more wisely be aware the cosmos everywhere you.

  • Eytlzi
    Posted September 5, 2023 at 11:31 am

    ferrous sulfate 100 mg generic actonel 35 mg over the counter sotalol 40mg generic

  • Somzyx
    Posted September 5, 2023 at 9:06 pm

    buy mestinon buy generic mestinon 60mg maxalt 10mg generic

  • Imeyzk
    Posted September 8, 2023 at 11:50 am

    enalapril online buy buy generic casodex lactulose sale

  • Kfgkul
    Posted September 10, 2023 at 5:17 am

    buy xalatan eye drop generic rivastigmine 6mg exelon online buy

  • Davidgriny
    Posted September 10, 2023 at 8:50 pm

    Absolutely! Declaration info portals in the UK can be unendurable, but there are numerous resources ready to boost you find the unmatched in unison for the sake of you. As I mentioned in advance, conducting an online search for “UK scuttlebutt websites” or “British story portals” is a pronounced starting point. Not but determination this chuck b surrender you a comprehensive tip of communication websites, but it intention also provender you with a improved savvy comprehension or of the common hearsay landscape in the UK.
    Aeons ago you obtain a liber veritatis of potential account portals, it’s important to value each undivided to choose which best suits your preferences. As an exempli gratia, BBC News is known benefit of its ambition reporting of news stories, while The Custodian is known pro its in-depth analysis of governmental and popular issues. The Self-governing is known representing its investigative journalism, while The Times is known in search its work and finance coverage. By concession these differences, you can decide the talk portal that caters to your interests and provides you with the hearsay you hope for to read.
    Additionally, it’s significance all things neighbourhood pub expos‚ portals for specific regions within the UK. These portals yield coverage of events and dirt stories that are relevant to the area, which can be specially utilitarian if you’re looking to safeguard up with events in your close by community. In place of occurrence, provincial communiqu‚ portals in London classify the Evening Pier and the Londonist, while Manchester Evening Hearsay and Liverpool Reflection are stylish in the North West.
    Overall, there are tons bulletin portals readily obtainable in the UK, and it’s high-ranking to do your research to unearth the united that suits your needs. By evaluating the unconventional news programme portals based on their coverage, luxury, and article perspective, you can choose the song that provides you with the most fitting and attractive despatch stories. Good success rate with your search, and I ambition this information helps you come up with the perfect expos‚ portal for you!

  • Uiajvc
    Posted September 11, 2023 at 11:26 am

    order betahistine 16mg without prescription buy xalatan online cost benemid 500 mg

  • Hagsbm
    Posted September 13, 2023 at 3:06 pm

    buy prilosec no prescription order singulair 5mg pill lopressor 100mg canada

  • Iucxey
    Posted September 13, 2023 at 6:34 pm

    premarin online generic premarin cialis viagra sales

  • Ipevbg
    Posted September 15, 2023 at 2:15 pm

    telmisartan 20mg pills buy hydroxychloroquine generic buy molnunat paypal

  • Bfybrz
    Posted September 15, 2023 at 6:28 pm

    tadalafil sale sildenafil on line sildenafil 50mg without prescription

  • Ppedjh
    Posted September 16, 2023 at 11:19 pm

    where to buy cenforce without a prescription buy cenforce tablets oral aralen

  • Viiaew
    Posted September 19, 2023 at 8:05 am

    provigil online order oral modafinil deltasone 5mg canada

  • Yanwoo
    Posted September 19, 2023 at 8:05 pm

    order cefdinir 300 mg order cefdinir 300 mg sale buy generic lansoprazole online

  • Fmkmly
    Posted September 22, 2023 at 9:09 am

    order isotretinoin 10mg cheap amoxicillin 500mg zithromax drug

  • Lzntvj
    Posted September 23, 2023 at 11:06 pm

    buy atorvastatin 40mg online atorvastatin generic norvasc cheap

  • Hdhrvx
    Posted September 24, 2023 at 12:49 pm

    azithromycin 250mg ca how to buy azithromycin order neurontin 600mg generic

  • Josiahvofe
    Posted September 24, 2023 at 3:53 pm
  • Warrenvofe
    Posted September 25, 2023 at 5:12 pm
  • BradyPaire
    Posted September 25, 2023 at 9:30 pm
  • Fjwgyt
    Posted September 26, 2023 at 6:56 pm

    bonus poker online online casino for real money purchase furosemide for sale

  • Dominicvofe
    Posted September 27, 2023 at 3:41 am
  • Ejbmtr
    Posted September 27, 2023 at 10:25 am

    pantoprazole pill lisinopril tablet buy generic phenazopyridine 200mg

  • IvanPaire
    Posted September 27, 2023 at 2:56 pm
  • Gregoryvofe
    Posted September 28, 2023 at 5:42 am
  • Pqospe
    Posted September 28, 2023 at 5:50 pm

    online card games free spins no deposit usa how to get ventolin without a prescription

  • Cartervofe
    Posted September 29, 2023 at 6:56 am
  • BraydenPaire
    Posted September 29, 2023 at 12:59 pm
  • Conorvofe
    Posted September 29, 2023 at 2:05 pm
  • Isgvjd
    Posted September 30, 2023 at 7:46 am

    live blackjack spins real money ivermectin 6mg dosage

  • Uwbhoo
    Posted September 30, 2023 at 2:43 pm

    symmetrel canada avlosulfon 100 mg for sale buy generic avlosulfon online

  • Jaxsonvofe
    Posted October 1, 2023 at 10:42 am
  • Aoruuj
    Posted October 1, 2023 at 11:47 pm

    online casino real money us buy generic augmentin cheap levoxyl

  • Lnuqme
    Posted October 3, 2023 at 11:29 am

    medrol brand name buy medrol paypal triamcinolone 10mg ca

  • Djrndb
    Posted October 3, 2023 at 4:16 pm

    order clomiphene 50mg without prescription buy cheap clomiphene azathioprine pills

  • Obtcrw
    Posted October 5, 2023 at 5:43 am

    buy levitra without a prescription buy digoxin 250mg generic buy generic tizanidine

  • Bcqwdu
    Posted October 6, 2023 at 9:10 am

    buy generic perindopril 4mg order desloratadine 5mg online allegra 120mg uk

  • Jxmqrm
    Posted October 7, 2023 at 2:13 am

    buy phenytoin tablets order dilantin 100mg pills buy oxytrol paypal

  • Kvkxbp
    Posted October 9, 2023 at 2:41 am

    order baclofen online buy generic endep over the counter toradol cheap

  • Ftrczv
    Posted October 9, 2023 at 9:55 am

    buy loratadine online order dapoxetine 30mg online dapoxetine usa

  • Euhaal
    Posted October 11, 2023 at 4:29 am

    purchase lioresal sale purchase elavil without prescription buy toradol without a prescription

  • Hmcarn
    Posted October 12, 2023 at 6:55 am

    amaryl 4mg uk buy etoricoxib order generic etoricoxib 60mg

  • Cbjxit
    Posted October 12, 2023 at 9:23 pm

    purchase fosamax pill buy fosamax pill buy macrodantin medication

  • Ugpbse
    Posted October 15, 2023 at 8:46 am

    order inderal 10mg sale motrin buy online generic plavix 75mg

  • Wvtkkv
    Posted October 17, 2023 at 2:02 pm

    pamelor tablet nortriptyline ca anacin cost

  • Shhtiw
    Posted October 19, 2023 at 5:37 pm

    buy generic warfarin order paroxetine 10mg sale generic maxolon

  • Ifguuj
    Posted October 19, 2023 at 10:40 pm

    order xenical buy generic diltiazem 180mg order diltiazem 180mg without prescription

  • Ynxvod
    Posted October 23, 2023 at 4:20 am

    order famotidine tacrolimus pill order tacrolimus 5mg generic

  • Mhqxfm
    Posted October 23, 2023 at 6:37 pm

    astelin 10 ml usa zovirax 800mg over the counter buy avapro 300mg generic

  • Hjuzzr
    Posted October 26, 2023 at 8:42 am

    order nexium 40mg pills topiramate 200mg cheap topamax pill

  • Jhmxej
    Posted October 28, 2023 at 3:23 pm

    allopurinol 100mg brand order generic crestor 20mg order rosuvastatin 10mg without prescription

  • Pxctek
    Posted October 28, 2023 at 7:47 pm

    purchase sumatriptan sale where can i buy sumatriptan avodart drug

  • Umvzkc
    Posted October 30, 2023 at 5:01 am

    order buspin how to get ezetimibe without a prescription buy cordarone medication

  • Imhuau
    Posted October 30, 2023 at 5:47 am

    order ranitidine 150mg order zantac 300mg generic celecoxib 200mg ca

  • Vbkrzh
    Posted November 1, 2023 at 6:15 am

    motilium 10mg without prescription buy tetracycline for sale buy sumycin online cheap

  • Phxmmg
    Posted November 1, 2023 at 8:26 am

    buy tamsulosin without a prescription purchase flomax online cheap order generic zocor

  • Udgxib
    Posted November 3, 2023 at 7:01 am

    aldactone 25mg drug order finasteride 1mg online buy finasteride for sale

  • Vioczu
    Posted November 3, 2023 at 11:15 am

    buying a research paper for college best college paper writing service practice essay writing online

  • Xqtxed
    Posted November 5, 2023 at 4:51 am

    where can i buy forcan order ampicillin 500mg for sale buy ciprofloxacin 1000mg for sale

  • Bxfgpt
    Posted November 5, 2023 at 10:49 am

    buy generic sildenafil viagra sildenafil 50mg buy estradiol generic

  • Pynttk
    Posted November 7, 2023 at 12:45 am

    flagyl for sale flagyl 200mg over the counter order keflex 500mg sale

  • Diybar
    Posted November 7, 2023 at 10:57 am

    order lamictal order minipress 1mg for sale buy generic vermox 100mg

  • Vxebsw
    Posted November 8, 2023 at 7:25 pm

    brand cleocin 150mg order erythromycin 250mg fildena 50mg drug

  • Euwwar
    Posted November 9, 2023 at 9:51 am

    order retin online retin usa avana 200mg us

  • Dpstfd
    Posted November 10, 2023 at 1:37 pm

    nolvadex 10mg over the counter rhinocort nasal spray buy rhinocort inhalers

  • Onyugo
    Posted November 11, 2023 at 8:20 am

    buy tadalafil sale buy tadalafil 10mg generic order indomethacin generic

  • Qyubzw
    Posted November 12, 2023 at 9:59 am

    order ceftin pills buy bimatoprost generic methocarbamol 500mg uk

Comments are closed.