Tuesday, October 14, 2008
Day Off ...for me...
Well thought since its a day-off for me I wud not watch the mkt.
Some thoughts..... the mood has improved after all that information overload from the weekend.
But lets not forget, a year plus ago liquidity problems reared its head and funding was available but lending did not improve. Will this change because its gotten worst? i don't think so.
Will the impact of the proposals take effect and convince everyone that all is getting better ?
I don't think so.
Is global recession now headed off ? I don't think so.
How long is all this going to stretch ? I don't know.
Gbp will be viewed more favorably than EUR. Too many cooks crowds a kitchen.
Usd relative value status to the rest ? Well with the patchy footwork by the powers to be,
its lessened. Market will sort this out in the weeks to come. Now I don't see usd going ballistic anytime soon. At best its trapped in a broad range thats already been established.
But will it be relatively stronger than the EUR, I reckon so.
So am looking for eur to weaken against the gbp. Eur to weaken against the usd. Usd to weaken against the jpy and chf. Well maybe I should just monitor the eur/jpy and eur/chf cross. Hmm...
If what the mkt is taking today for the depression of last week, I want it. Boy! what an anti-depressant pill. Kidding....
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