'Psychic' Stock Picker Charged - He Didn't See It Coming!

The Daily Telegraph reports that Sean David Morton claimed his psychic abilities enabled him to accurately predict share price movements

According to the newspaper, Morton said that he had 'called all the highs and lows of the markets, giving exact dates for rises and crashes over the last 14 years'. Well, he's now been charged with fraud by US market regulator the Securities and Exchange Commission. Clearly he couldn't see that one coming.

Lawmakers really do need to think before they open their mouths. Much hilarity Thursday when Indian born Citi CEO Vikram Pandit was asked by US Congressional Oversight Panel Member Paul Atkins if he was trying to 'curry favor' with the US government, Citi's largest shareholder. Such was Pandit's performance before the panel (submissive to say the least), that many wonder if he's suffering from a bad case of Stockholm syndrome.

Finally, The Guardian reports that Goldman Sachs is considering forcing Jim O'Neill, its global head of economics, to choose between remaining involved in the Red Knights consortium mulling over a bid for Manchester United, or staying at the firm. There were press reports earlier this week that Manchester United owners, the Glazer family, were thinking of dropping Goldman in the light of O'Neill's involvement with a group which is trying to wrestle the club from its control.

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