Hi TraderMike_1999,
I am sitting in the China World Hotel in Beijing now, waiting for some signatures and readying to go back to Hong Kong tomorrow. The weather is cold and sky gray. I took a nap this afternoon and did the swimming, sauna and watermelon juice routine afterwards, readying for US Maestro Night your morning.
Tokyo’s Nikkei Index closed down below 13,000 today. That is significant as the banks and insurers would be showing a serious health crisis should the index be not ramped up before Fiscal Year close on March 31st. The Japanese Maestro (Hayami) dropped over night rate to 0.15%. By this standard, there is so much hope yet, a mere 0.05% additional drop can cut the overnight rate by another 33%.
The poor Japanese must feel like Turkeys for loaning out their savings to fund the speculations of others., and the Turkish folks must be filling in Japanese Yen loan forms now. This is a Monty Python in Twilight Zone Movie, starring Mr. Beans as the Maestro.
My recently mentioned Yen loan should get slightly cheaper, and the Yen species itself is weakening, making the trade all cheaper still. Maestro’s speech tonight may goose my Euro High Yield fund. The maestro blessings must be counted.
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On the flip side, my Shanghai B-share closed limit (10%) up today, on the first day of trading after a one-week shutdown. The Chinese domestic investors are clamoring to buy what I thought was pretty worthless stuff simply because the worthless stuff cost more on the A-share market. I am not counting the final blessings yet, letting the frenzy run for a few more trading sessions, say 10 sessions.
A platinum watch may result between the two trades above. Actually, I may end up getting a white gold watch in line with my newly ignited enthusiasm for that most noble of metals, recognized the world, since the beginning of time. The maestro seem to be intent on making the ancient species worth more, be they in bullion or mining share form.
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Bush told us his imaginative plan for economic revival, and the main ingredients of the recipe are reducing taxes, coupled with increasing spending. He must have a secret fetish for the long legged Japanese economy.
The secret sauce by Bush has an interesting bit of highlighting, the idea that Social Security tax investing in the stock market. Very exciting. We of this board should support this with all our prayers, because we have the cash to front run the resulting trade and leave the cocktail party quickly, before the roof caves in.
We should collectively spend some time figuring out the most moist trade should the politicians actually go through with these ill advised fantasies.
Welcome back, Chugs, Jay |
