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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (101150)1/21/2008 7:59:05 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
All Ordinaries and Kospi both trading below August lows....down another 5.3 and 4.3% respectively....

EDIT: Nikkei down another 580, 4.3%. About 9% or so in 2 days.....



To: Giordano Bruno who wrote (101150)1/21/2008 8:00:00 PM
From: RockyBalboaRead Replies (1) | Respond to of 306849
 
market calls for unchanged. But in the light of the crashing market they could change their mind and cut back to 0.25. A rate cute would change the rules of the game immediately.

Unchanged would tell currency traders, go with the program, and this means, try Y100/$. All the carry trade reversals means that there are lots of additional net purchases of Yen. It may lack sellers for some time...


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