Every day the same story … market heads south … on REAL data …
Today … retail sales … HORRIBLE … HFs going under … Bear Stearns about to go belly up
Then … a white knight appears … if it is not Heli-Ben it is one of his “a**kissers” …
Today … even two of them […]
As Carlyle collapses, the former BoJ prediction is fulfilled (100 against the Dollar), hurting markets on further unwind of carry trades.
Here the monthly chart of the Yen/Dollar
Copyright by Tradestation
Yen tries at the moment to break out of a triangle like longterm formation.
First price target is around the 95 Yen/Dollar.
Sounds like the Yen is not […]
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