Saturday, October 18, 2008

Latest TIC Data yesterday ....

Friday's TIC Data frm the U.S showed a blip up. Like it was mentioned a few posts before, repatriation is still going on. Foreign investments sold cos of its low risk/reward factor and $ flows back. Some hedge funds must be having a time of closing funds to return $ to investors. This is deleveraging and expected to continue. So volatility is the norm. All this a tad usd supportive in the big pic. Will continue to fade rallies next week....

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