Thursday, October 30, 2008

Stop Trading.

Now I didn't learn that from Mad Money.

The last bout of insanity was due to USD scarcity and the news is that Ben committing INFINITE USD swap ANYTIME ANYWHERE ANYONE asked.

Since currency = politics, AND we have PRESIDENTIAL ELECTION on Tuesday: I strongly suggest not to take any sizeable short position and especially avoid shorting those AsPac/LatAm currencies and maybe even going long there for at least a week. Not a good sign shorting those currencies because technicals just don't look like it and fundamentals CERTAINLY against it. Those who shorted congratulations and now please get out of DODGE before the sherriffs come and get you.

6 comments:

gtt said...

Barclays getting cash from the oil sheiks, what say you about that?

MTGSPY said...

good. money is coming in the end gamer.

Greenie said...

Are you a math whiz working in a financial company, Mr. Spy?

http://www.bloomberg.com/apps/news?pid=20601109&sid=a_4hFogX7eBc&refer=patrick.net

MTGSPY said...

Half your statement is correct Greenie :D

Greenie said...

What? You quit your job? :)

MTGSPY said...

I have my job. The other one :D