Paul,
a few hedge fund big boys cashing in the profitable position to meet margin calls on the Russian debt losses.
are you assuming there are profitable positions in Japan? The fall from 147ish to 133ish probably triggered a bunch of losses, not profits. However, whether it is profit taking or stop loss, it can explain the yen's strength.
The last thing the world needs right now is for the US consumers to stop consuming. A week like this one and dollar losing strength are not helping importers. Reflation, a word that I didn't remember learning in any of my economics classes, is sorely needed but easier said then done.
As for AMAT, I think most investors still consider this a growth stock instead of a cyclical, therefore valuating the company using the wrong criteria. AMAT will recover one of these years, but then, it would be time to dump so you won't get stuck holding during times like these.
Ramsey |
