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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