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Non-Tech : Bill Wexler's Trading Cabana

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To: Bill Wexler who wrote (1732)3/5/2007 6:10:01 PM
From: RockyBalboa  Read Replies (1) of 6370
 
While lenders of all kinds get some heat, CCRT does not see that much selling.

still favoring a short in ACF and also CFC on the subprime side. CFC doesn't get a deal not at this valuation.

There is a nother deal coming up. GBP/JPY lost 20 or nearly 9% in about a week. At this rate the JPY is overvalued and will succumb to the general $ rebound once the carry trade is liquidated.

The soft currencies got slaughtered. NZD off 3%,more than 5 standard deviations.

Hedge funds are bleeding every minute. 3 of them die next week. Then we rebound, but perhaps wait for some gyrations from financial futures liquidations.
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