Back in August 2007 when Brown was walking on water and the Tories were arguing over grammar schools, Guido put money on the Tories (at 3/1) being the biggest party in parliament post a General Election.

It is worth checking the comments to see how crazy people thought it at the time. Having correctly called the top with Brown, Guido is now calling the “Brown Bottom”. Guido is backing on Betfair a Labour win in Glasgow East, despite what the pundits think and also getting long Labour seats for a General Election with spread bets seems to be a win-win. If Labour win Glasgow East, Guido coins it on the by-election and the relief will translate into an improvement in their General Election seats expectations. If they lose Glasgow East they will surely have to get rid of the Prime Mentalist, which will also improve their seats expectations. Win-win…

*Not to be confused with what chartists of the gold market call the “Brown Bottom“, when he told the gold market in advance that he was going to sell off Britain’s gold reserves. The traders immediately got short ahead of the sales, profited on the way down as gold plunged, filled their boots as they bought back their shorts and some more for the greatest gold market rally of the twentieth century. An act of imprudent financial stupidity that some describe as treasonous.