The market has gone berserk. Forget about rational valuations, price-earning ratios and growth fundamentals, we have turned into a frenzied mob in front of a roulette wheel.

At least 50 to 60 per cent of the trade is retail and they invest with a very short term view.

There's no way this bank should be sold at this price because all the information about the business of the bank, about the balance sheet, clearly states that this bank should be sold around the 61 to 65 (pound per share) level.

There's a good feeling about the new cabinet, especially as the reformists are still around. We need some continuity as far as reforms are concerned.

Who seems most hideous when adorned the most.

When the devil grows old he turns hermit.