Financial Journalists Find New And Inventive Way To Kick UBS While It's Down
As you may have heard, there's a World Cup outcome-predicting cephalopod mollusk that people are just obsessed with. So famous he is for being (completely randomly) right every damn time, that he's actually started to receive death threats, which is how you know you've made it. As you may have also heard, there's a bank called UBS that can't do anything right. It is pretty much at this point a commonly accepted fact. So this just seems gratuitous and uncalled for.
Paul the Octopus on Friday predicted Spain to win the World Cup Final. That's something the math modelers at investment banks just didn't see coming. Paul is flawless in his picks to far, contrasting sharply with predictions made by banks ahead of the tournament. UBS, for example, gave Spain just a 4 percent chance of winning the trophy with their past performance model. The Netherlands, who meet Spain in the final Sunday, had just an 8 percent chance, the bank said.