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 [...]
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 [...]
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