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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 464.70+1.5%Jan 26 4:00 PM EST
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To: TobagoJack who wrote (55331)9/22/2009 5:00:38 PM
From: Haim R. Branisteanu6 Recommendations  Read Replies (3) of 219789
 
Some news - first I was watching who is buying newly minted treasuries and to my surprise rightly or wrongly CB's around the world are piling into US Treasuries for whatever reason including supporting their exporters.

Second for what ever reason the FED is discussing and preparing to launch REVERSE REPO auctions which will drain liquidity from the markets

Any one and his cabdriver or shoeshine boy is short the USD v any other currency - this smacks as a time for a reversal in the FX markets

IMHO it is about time to start to loosen up on short USD positions and find some other combination / crosses

In mid-February this year when I recommended BRL, AUD, CAD and even EUR most “professional traders” where preaching me about EU banks and S. American banks balance sheet, third world loans and so on - yada yada – now same guys are piling up into the same currencies as if they will go to the moon – time to rethink the strategy – the music will stop very unexpected!!

Stock markets are in GAGA land and I anticipate a 5% to 10% correction which would be in place at those levels - all the bears are in hiding - shorting stocks is not even mentioned - this summer every idiot going long made money - time for "give backs" is arriving
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