Liam's Last Post
Good Afternoon ,
Well the day has finally arrived when the Last Post becomes the very Last Post...well the Last Post from Merrion Stockbrokers. I suppose the title is apt , the blog chronicled the sometimes incredible events which unfolded in the Irish and Global equity markets. I was told I was more interesting describing the bad news or maybe that is just what you guys wanted to read....
I wish my colleagues at Merrion well. It is time for me to move on. I just want to say thank you to all the people who read or have read my blog , and who have supported me and continue to support me in my career and to let you know that I hope to see you all very soon in my next venture.
The market events which led to the conception of the Last Post idea started a year after markets began to spiral downwards. The events co-incide almost too neatly with my pre and post New York City Triathlon 2008 experience.
By the time I went to New York on that fateful day , the ISEQ had already fallen from a high of 10,000 (achieved in May 2007) to just 5000 points in July 2008. The world still felt the same though and we were all busy but wondering what would happen next. What did happen next is that I ended up in a coma and slept for a week (Thank God for the expert Care of my family , Friends and the Staff of Lenox Hill ICU in New York) and when I woke up the world changed in the most incredible way. I recovered and got back to work setting myself a goal of getting back to work quickly and then to treat myself to a holiday. The morning that I departed with My Wife for our holiday in Sorrento and Capri was the morning where the news of the Collapse of Lehman was announced which was followed in a few days by the announcement by the Irish government of the Bank Guarantee and the rest as they say is history... including the collapse of Landsbanki which saw Merrion once again become an independent entity in one of the toughest market environments.
The Irish Market has been decimated by the collapse of the Banks and the construction sector. There are still many interesting stocks though and I suspect that over time that one by one the value plays will be unlocked.
I will be announcing my own plans in the very near future but right now I am now going to take the weekend off , head to Dunmore East to spend the weekend with my Wife , Kids , friends and the dog , I plan to have a laugh , to have a few beers , disengage my mind and prepare for my next immediate challenge which is the Kilkenny Olympic Triathlon next week !
One thing though ! I am not going away for Long and I look forward to returning , re-invigorated and ready for business in the Autumn. I will let you know in the very near future.
Have a great weerkend , I will !
Liam
Disclaimer: www.merrion-capital.com/disclaimer
Merrion Stockbrokers Limited (registration no. 307878)
is a limited liability company whose registered office is at
Block C, The Sweepstakes Centre, Ballsbridge, Dublin 4, Ireland.
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