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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (31744)	3/28/2008 1:16:39 PM
From: Oblomov	Respond to of 217617

On March 14, 17, and 18, the JPY and CHF were soaring against the USD (up anywhere from 0.5% to 1.5% each day) while the high-yielding currencies (CAD, AUD, NZD, etc) were collapsing. In other words, the carry trade was being unwound on those days. It was probably a number of hedge funds getting singed and being forced to liquidate. Whenever this happens, I presume the liquidation is not just in the currency play, so I look for high-quality stocks that are getting sold off for no good reason as possible buys...or crappy stocks flying as possible shorts.