Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: carranza2 who wrote (73362)	5/7/2010 4:03:10 AM
From: Haim R. Branisteanu	of 74559

Hi C2 it also seems that from the steep currency fluctuation since end of April some big hedge fund/ WS firm needed to liquidate carry trade positions as reflected in the swing of the JPY/USD from 95 to 88 in a matter of hours. I think it all was well pre-meditated as option IV where very low in April only to explode yesterday. This was not the action of a run of the mill 2 to 5 billion hedge fund but an massive orchestrated intentional activity to maximize profits. Also the secrecy around the stock market volatility is suspicious. Several years ago Citi has done exactly that to EU bonds when trading was very thin and reaped handsome profits No wonder that the G-7 called BO for a conference call - he IS a master in deceit

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