In his morning note, SocGen
Good morning. The papers tell us we are going to enjoy a 'mini-heatwave' for the next 24 hours in London, with temperatures at a "balmy" 15C, 59F. Banish Monday Blues but don't get suckered into thinking that all our troubles are really behind us. Just enjoy the moment. This is Ben's magic at work.
On Twitter he follows by saying: "We're all FOBORS today."
FOBORS? What's that mean?
Fellow market pro Dan Davies explains.
@pawelmorski @spbaines FOrced Buyers Of Risk
— Dan Davies (@dsquareddigest) March 5, 2013
Ah. The prevailing sentiment. Ben, the Bank of Japan, and whoever else, forcing people to take on risk.
Acronym of the day.