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


To: TobagoJack who wrote (40908)10/9/2008 2:12:14 AM
From: pogohere  Respond to of 219166
 
Shucks, that's just great. Keep on movin' folks, everything is under control here at GS et al.

Heard this one?

What's the difference between a pigeon and a banker: a pigeon can still make a deposit on a Ferrari.



To: TobagoJack who wrote (40908)10/9/2008 12:25:32 PM
From: Riskmgmt  Read Replies (1) | Respond to of 219166
 
Hi TJ
Glad you posted that. I sold my Yen/usd at 103 level only to see it drop below 100 but I had about 6 or 7% so I am satisfied.
Hell, that and gold are the only things green nowadays:}

I think that the "risk aversion" behaviour that has been escalating across all markets, might calm down a little, and especially with $/Yen below Y100 this am, for a currency that spends most of its life between Y100 and Y120, I think people should be thinking about buying US$, not selling. It has this remarkable tendency to gravitate back towards the Y110 area, very often, and I cant see why this wont happen again.

This has been my observation too and my play on the Yen. I think 100-110 is probably the more recent range but one has to be careful the Aussie had a range too, until it dropped thru it:}
si.advfn.com

Hope you enjoyed your vacation in Kho Samui, could use one myself. Enjoy your e-mails, keep them coming.

best regards,

R.