Still Sideways

Despite the euphoria of those who are proclaiming the worst is over on the back of a single positive day – this chart is enlightening. Sometimes it is worthwhile removing as much noise from the chart as possible., Until we break this range one way or another I am not convinced about anything……

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Least Value

Neat graphic from Bloomberg on the relative value that CEO’s bring to financial organisations. It pretty much tracks a study I read in the 1980’s which stated quite bluntly that the worst performing companies have the highest paid executives.