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

To: elmatador who wrote (44042)	12/17/2008 3:02:49 PM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 217739

Elmo I am a patient buyer - was already net long on EUR at 1.26 and AUD where I eat crow as only with interest rates I am ahead - so I missed the bottom on BRL - but today I wrote a March 16 1.51 Call on my EUR for 2% (1.54 equivalent) so will see if I collect something or will be closed out. FX market are plain crazy IMHO - Did you read your past EUR prediction? The problem with the BRL is that the brokers are taking advantage of you if you buy only 500,000 BRL or so they like 5 million and up - which is a bit out of my league on one currency - as all currencies are trading like DOT COM stocks now “This is a very much a panic exodus from the dollar,” said Brian Dolan, chief currency strategist at FOREX.com, a unit of online currency trading firm Gain Capital in Bedminster, New Jersey. “The primary reason is the Fed’s embrace of quantitative easing, in which they start printing dollars and start flooding the market with U.S. assets.” bloomberg.com