How do I know? I don't.
But I read this piece in the Grumbler.
Picture it. You are a rich broker - floated your company in May 2007 (how's that for timing?). Predicting good times ahead, you... sell £47m of your shares.
You say it's for "private projects", and throw the Mail journalist a tidbit about your beloved foopball club. The Mail journalist writing down your copy at least thinks to ask you how much of this cash will go towards the new stadium. You "decline to say".
Meanwhile, Charles Hugh Smith describes (April 18) the thinking that has led him to punt on a financial bear fund.
Straws in the wind, I'm thinking.