Fridays P&L: GBP 2,000

Fridays booze: 2 bottles of Tinto Pesquera 1994, half a litre of co-ops finest triple distilled vodka, 2 bottles of Stella Artois.

Back down to 2 grand for the day - don't blame me, blame these cocksucker traders that have sucked the volatility out of the market. Maybe they are scared, don't see why the government seems to have given them carte blanche to do whatever they want.

Whats on my mind today? Well apart from the fact that my ex girlfriend who's family is literally worth hundreds of millions of dollars has decided to persecute me for a small loan of USD 75,000 she made to me, all because I have a new girlfriend. I guess what I am wondering about is the exit of GM from bankruptcy protection. The market seems divided over this. The pro-Obama types say that the new lean and mean GM will compete globally. The Republicans say its amazing what you can do with involuntary contributions from tax-payers. I am inclined to agree with the last opinion. GM is a shambles and I wouldn't buy one of their pony automobiles for all the tea in China, no matter how many rap stars drive around in their Escalades. As far as I can see the only people who actually buy GM cars are retirees in Florida and didn't they just shaft all of those when they were under chapter 11. Look for another wave of SCDO defaults as a result of the GM bankruptcy. While we are on the subject Bradford & Bingly triggered credit default swaps by not paying an expecter interest amount. Seeing as they are owned by Her Majesty's Government, well the shit part is, they rather generously gave away any workable assets to Santander for two vouchers for a Grande Latte at Starbucks, doesn't that mean that the UK is technically in default? Surely those wise level-headed people at Moody's and S&P have noticed this.