Tesco – the shot heard around the financial world

The bad news from Tesco sent the stock market tumbling. But that was just for starters, says John C Burford. Expect more to come.

Last Wednesday, I wrote: "This is an important week in the markets, make no mistake. As we approach the end of September traditionally one of the weakest months for stock markets there are several events that are potentially market-changing."

And events since then have confirmed my prognosis in spades.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.