Tuesday, 4 October 2011

UK Trader Alessio Rastani: Reaffirms himself "The Big Boys control what'...

UK trader becomes an Internet sensation
By Jim Boulden, CNN
updated 12:43 PM EST, Thu September 29, 2011
London (CNN) -- Alessio Rastani went on a UK news channel on Monday to discuss where stock markets were heading. By Tuesday he was an Internet sensation.

Was it that he said, as someone who bets against markets rising, that he "goes to bed every night dreaming of a recession?" Was it that he said investment bank Goldman Sachs ruled the world and not governments? Or was it that bloggers started to ask if he was just a "fake trader" who duped the media?

Take your pick. But Rastani caused a stir by saying what many people think those in the markets think anyway -- it's OK to make money out of falling markets and there is no reason not to prepare for that.

He certainly thinks the markets will crash again and people should be prepared for that, and that the average person should take steps now to protect their assets, or be prepared to lose their investments.

There is nothing wrong with giving that kind of advice, if that is what you think will happen. It's just unlikely you would hear that from an established player from a bank that is looking for clients.
Newsmaker: Alessio Rastani
Miriam Steffens
October 1, 2011
A trader's Gordon Gekko moment went viral, writes Miriam Steffens.

The young man in the sharp suit and neat hair looked the part: a financial expert. But his in-your-face utterances on BBC television turned him into a sort of heroic villain who spoke the real truth about how money makes the world go round.

Alessio Rastani described himself as an independent trader, and a man who not only had been waiting for this moment of economic doom for three years but one who dreams nightly of another recession. European leaders might have been scrambling to contain the drama that is Greece, but Rastani cut to the denouement, pronouncing ''the market is toast'' and unfussed about the future of the euro. As for most traders, ''we don't really care that much how they're going to fix the economy, how they're going to fix the whole situation'', he said. ''Our job is to make money from it.'' He said governments didn't rule the world, bankers at Goldman Sachs did.