Market Sentiment & Lateral Thoughts

from Neil Behrmann and other authors

About the Writer

 Neil Behrmann is a journalist and author. He is a member of the Society of Authors and Association of Lending Rights. They are committed to protect the copyright of its members.

His latest book Trader Jack – The Story of Jack Miner (New End Books) has just been published. For more details see . A sequel will follow in 2012. Butterfly Battle- The Story of the Great Insect War (Readmore Books), published in 1998, is being relaunched. It is an anti-war fantasy. It had good reviews and they can be seen on

Neil has written numerous articles about currencies, bonds, stocks, commodities and hedge funds during the past three decades. He was the first southern African correspondent of the Wall Street Journal and deputy business editor of the The Star in Johannesburg. He was then posted to London as European Financial Editor of the Rand Daily Mail, an international award winning anti apartheid publication. In the late seventies, Neil was a London correspondent of Barrons, specialising in commodities and the Eurobond market.

In 1980, Neil became a prolific London-based special correspondent of the Wall Street Journal for more than two decades, concentrating on commodities, futures markets and mining. He also wrote WSJ features on hedge funds, personal finance, property, sports business and travel. Neil is London correspondent and columnist of  Business Times, Singapore, a leading Asian business publication and Infovest21, a respected, independent New York based hedge fund newsletter and information service. Articles that appear on have been published in these and other publications.

Major scoops include the $3 billion Sumitomo copper fraud in 1996; the $900 million collapse of the International Tin Council and the $24 billion South African debt default in the mid eighties and investigation into the lost millions of former Philippines dictator, Ferdinand Marcos, in the early nineties. News breaking features include Barings’ Nick Leeson fraud in 1995, Kerviel of Societe Generale, who lost around $8 billion recently, scandals in the diamond market. Neil has also become a specialist on major hedge fund frauds and investigated the Bayou and PAAM scams in 2006 and Madoff in 2008 and 2009.

Neil has been regularly interviewed on BBC television and radio and other stations.

He has also written special articles and syndicated pieces for: Asian Finance, Business Day (SA), Business Report (SA), Daily Telegraph, Exchange Traded Gold, Financial World, Financial Weekly, Financial Post (now National Post in Canada), Guardian, Independent, Institutional Investor, Investors Daily, Melbourne Age,, Neue Zurcher Zeitung, South China Morning Post, Sydney Morning Herald and The Times. Other publications include Business (UK), Strategy, Sunday Times (SA), Commodities-Now, New Zealand Herald, Paydirt, Ambassador (the UK MBA magazine) and Gold Mining Journal.

Neil was educated in South Africa at Witwatersrand University and the University of South Africa, an open academic institution. As a journalist he studied part-time receiving Bcom (Hons) First Class, majoring in economics, applied economics, money and banking and investment. That was followed by a Masters degree with a thesis on corporate fixed income securities.

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 Content, Speed, Content

This publication values readers’ time and won’t be cluttered with advertising banners. Our motto is Content, Speed, Content and editorial policy, freedom of information and markets.  We believe that free markets should be transparent and clean.  The rights, privacy and confidentiality of subscribers and information sources are respected. 

Copyright & Contributors

Please respect copyright and intellectual property of this publication and contributors.  They include analysts, economists, traders, psychiatrists, journalists and academics. For those who are unsure about the international convention, it is vital that you read Dangers of Flouting International Copyright Law  below. The article spells out the basics of international copyright law.

Freedom of Information and Free Clean Transparent Markets

Our editorial policy is freedom of information and markets. We also believe that free markets should be transparent and clean. If we detect alleged manipulation, fraud and corruption, we’ll contact the regulators and ask them to comment. We want the markets to expand and for participants to prosper. For this to happen, markets must be transparent and untainted.

Candid, provocative, articles and investigative reporting should be fair, so we endeavour to report both sides of the story and give companies and individuals the right of reply. We aren’t preachers and we certainly aren’t infallible. The aim is to be impartial and to convey the story accurately and fairly. If we’re wrong, if you think we’re writing garbage, please let us know. There’ll be a correction or amplification, provided your argument is reasonable. provides information and lateral insights only.

This is not an advisory blog. Readers are responsible for their own actions. Over the long term only professionals with strict trading disciplines survive and even they incur considerable losses from time to time.

“The past is no guarantee for the future” and “prices can go down as well as up” are clichés for good reason.

Dangers of Flouting International Copyright Law

Copyright owned by independent writers, photographers, illustrators, designers and others is becoming a crucial issue on the web where growing numbers of new publications, businesses and individuals are placing content on their sites without permission. The law covers the intellectual property of the author or other artist, notably any article, book, fiction and non fiction, art, music, plans, procedures, software, or other form of knowledge or entertainment in a fixed form that has, or might have, commercial value.

The basis of international copyright law is that ownership of the article or other intellectual property vests in the author.  Some publications claim that there was prior agreement and that copyright is owned by them as soon as the  article is published by them.  But that is incorrect if the author is a freelancer and not a full time member of the publication.  Without any written agreement to licence the article to the publication, the author owns the material and anyone who wants to use it, must request permission from the author.  Authors also retain the moral rights to protect the integrity of a work. In this way they protect their work from changes or uses that distort their original intent.

For those who wish to understand details of the law, visit the US Library of Congress’ Website at and click the Copyright Office icon.

According to the Library of Congress, “copyright is a form of protection given to authors of ‘original works of authorship’ which include literary works such as books and articles. The owner of the copyright… has the exclusive rights to the reproduction and distribution of the protected work, and can assign or transfer the entire copyright, or subdivide the exclusive rights of reproduction and distribution in the literary work.”
“Only the original author of the literary work or those deriving their rights through the author can claim Copyright to the work and authorize the reproduction and distribution of the work.

An exception to this rule is the “Works Made For Hire” doctrine, which occurs when a work is created by an employee within the scope of his or her employment, or when a work is specially ordered or commissioned under an express written Works Made For Hire contract. In such cases, the employer or commissioning party is owner of the Copyright and the exclusive rights of reproduction and distribution contained therein.”

“The author can assign or transfer the entire Copyright or the exclusive rights of reproduction and distribution in the literary work to any third party (the “Assignee”)”, but authors are strongly advised by writers unions and associations from doing this. “An Assignment of Copyright is a full and complete transfer of exclusive rights in the literary work. A Copyright assignment must be in writing. The Assignee of a Copyright becomes the copyright holder in the literary work and assumes the exclusive rights of reproduction and distribution in the work,”  according to the Library of Congress.


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