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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (45532)	11/17/2011 2:34:02 PM
From: Mr.Gogo	Respond to of 78476

Bucky, Your comment on the currency movements completely coincide with my observation. For example when the US market goes down (more incentive to invest in US), the US $ goes up in relation to the CAD. When the market starts going up the US$ goes down in relation to CAD. Can you recommend me any book that explains how currencies work? This is a visual representation of this relation. google.com Georgi

To: Spekulatius who wrote (45532)	11/17/2011 3:20:15 PM
From: Spekulatius	1 Recommendation Read Replies (3) \| Respond to of 78476

My best bet for a "credit event" would be that an Italian bank (Unicredit?) is going to croak - these 7% bond yield for Italian debt are really going to hurt. They are already massively borrowing from the ECB for liquidity. Once that is exhausted, i believe the only alternative would be nationalization since the bank recap apparently is going nowhere. Once one Italian bank goes, they all (or at least most) will go, imo.