my thoughts on yen, its rise will be short lived
Yup.
Only so much can/will want to go home, esp. if home is burning, cratering.
Interest rates will go down, giving the carry trade a little more life, Japanese exports a bit more vigor much like the wheezing breaths of a choking man before he stops breathing. Thus, Yen down soon enough. Thus, I sold the little I had for a nice profit. Nice to have something green among the sea of red which is my PF.
Sold my more substantial swissies for Canadian dollars, which I think will reach parity with the ridiculously overpriced clownie soon enough.
I am in soft commodities - what else can I do? Sell them at a huge loss when I know they are good in a couple of years or so? Sell them for something that will appreciate soon, like CAD?
Energy. Ditto, same concept.
Things are not as dire as they seem. Just gotta make a decision: put cash and sold off losers into things that indeed look good [CAD, TBT, miners, beat to a pulp silver, etc.] or stand pat, wait for more screwing?
I am answering own question. Thanks, Jay. |
