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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (77377)	11/9/2007 6:24:41 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Yen broke out, so one needs to be most careful dipping. I can hear a few explosions of derivative bombs in the credit land. We are seeing mortgage bonds, trillions of derivatives tied to them, Fannie and Freddie + all the banks falling rapidly to zero. Yen exploding upward is the most dangerous of the bombs out there. It blows up 400 Trillion notional value. Gulp! It did not go off yet. It does not take much of a Yen rally to set the stock market on fire. In the meantime, with oil close to 100 and the dollar falling rapidly, the fireman lost his hose. -g- Hank still makes regular appearances around 2 p.m. every day, but I don't think he can own all US shares -g- Financials ARE the PPT.