LET'S PLAY IN THE FOREX..AND NOT GET LOST! Message Board

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Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST!

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To: CapitalistHogg™ who wrote (143)	6/17/2007 7:55:12 PM
From: RockyBalboa	of 247

Just read it, and weep ... or well, just think about against whom you are up those bets. It is the retail investor. Kind of some "madness of the crowds". In a couple of months, or quarters this could be history. This is just soo... 2000ish. quote.bloomberg.com Housewives Outmaneuver UBS, Deutsche Bank in Yen Carry Trading By Kosuke Goto June 18 (Bloomberg) -- Japanese businessmen, housewives and pensioners betting against the yen in their spare time are wrecking the forecasts of the world's biggest currency traders. The yen has slumped 4.6 percent to a 4 1/2-year low against the dollar this quarter, making it the worst performer among 72 major currencies and confounding predictions by strategists at Deutsche Bank AG and UBS AG for gains of about 1 percent. The banks didn't reckon on the risk appetite of Japanese individuals, who are borrowing money like never before to buy currencies with higher yields. They tripled their trading in the year ended March to a record $11 billion a day, according to Tokyo-based Yano Research Institute Ltd., publisher of an annual report on the business. Globally, currency trading by retail investors rose 54 percent in 2006, according to research firm Greenwich Associates in Greenwich, Connecticut. Posted by Les Message 23631298

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