SafaBelly

Apologies for the paucity of posts - but being as ITV seems intent on ruining the World Cup for all its viewers I've decided to go to South Africa to watch it live.

Anyway, a couple of early thoughts occur.

1. Everybody seems upset by the noise of the vuvuzelas, but is that constant whine any worse than listening to Clive Tyldesley?

2. Investment bank, JP Morgan, decided to get itself lots of publicity last month by using its quant models to predict that England would beat Spain in next month's final. So far, its picks for the tournament have produced one point and one goal from two games. That might all change, of course, but will the US bank care? Like its real equity research, it's unlikely that JPM has backed its hunches with much of its own money.