Wednesday, October 8, 2008

All the King's men...

Couldn't put the economy back together again.

The Fed has thrown everything at the crisis and still the s&P closes below 1000. These are BAD times...

I still like the short EUR And GBP trade but more against the Yen (JPY) than against the dollar... simply because the Fed will cut more than the ECB AT the moment. Thus I expect a temporary bounce in EURUSD but later on for EURUSD to tank again as Europe's problems come to the fore...

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