Interesting Reads: End of October

Here some interesting articles I found this week:

FT: Chinese banks flee London to avoid tough regulation of their business, moving to Luxembourg.
WSJ: Spanish region Catalonia has been the engine of the countries economy. Call for independence intensives. A move we can see in different countries as well (Scotland-UK; North Italy-Italy; Flanders-Belgium).

In German (sorry):
BZ: Record high in suspected money laundering in German, esp. in the real estate sector.
FTD: Germans keep their cash very liquid, deleting long-term deposits. Parallels to the dot-com crash?
WSJD: Failed broker MF Global lost total oversight of its financial situation well before  its 700 million disaster.

Analyst Recommendation and Stock Performance: Performance Sept (Pt. 02)

The performance for September was overall positive, for both portfolios as well as indexes.

Please note that -due to holiday- i could only get the stats from 03.10.2012, so results are a bit distorted, however in my opinion impact should be minimal.

This is the September Performance month-to-month (mtm):

• Total Best 12 Basket                                          374,22        5,2%      380,84  
• Total Worst 12 Basket                                        343,47        5,5%     360,51  
• DAX 30 Perf Index                                            6.970,79     5,0%    7.322,08
• Dow Jones Industrial Average Index (Price) (USD)   13.090,84    3,1%   13.494,61  

The baskets with the 12 most favorable/disfavorable analyst estimates were both outperforming both indexes. Each basket had three stocks with mtm performance of above 10% (CeWe,Lynas, Gran Tierra//Commerzbank,centrotherm,Rangold).

This is the total performance August and September :

• Total Best 12 Basket                                            5,6%
• Total Worst 12 Basket                                         13,4%
• DAX 30 Perf Index                                             8,4%
• Dow Jones Industrial Average Index (Price) (USD)    4,8%

The Worst Basket has a strong overall performance, however a some stocks in this basket are German companies (three), while most of the Best Basket are US stocks. So a diverging performance of DAX/DJ might as well affect the underlying values of the baskets.