Friday, March 02, 2007
Sector Spotlight: General Market
I do not believe stocks will make another comeback today. This time, the market is likely to close at the lows of the day, considering the new risk adverse sentiment coupled with the weekend.
To keep it plain and simple, I want to be short equities, especially the Semi's, via SSG, and long Yen, via FXY.
Should the carry trade unravel, FXY will appreciate.
Also, it's worth noting, Gold is no longer a safe haven. It has been lumped together with the rest of the commodity basket and is too mainstream.
In my opinion, the only safe haven is FXY, FXE and TLT.
NOTE: Bob "big fucking doings" Parker, Vice Chairman of Credit Suisse Asset Management, was on CNBC Europe, last night. Click here to listen to the interview.
NOTE II: Bob Parker is the only old guy Broker A listens to.
To keep it plain and simple, I want to be short equities, especially the Semi's, via SSG, and long Yen, via FXY.
Should the carry trade unravel, FXY will appreciate.
Also, it's worth noting, Gold is no longer a safe haven. It has been lumped together with the rest of the commodity basket and is too mainstream.
In my opinion, the only safe haven is FXY, FXE and TLT.
NOTE: Bob "big fucking doings" Parker, Vice Chairman of Credit Suisse Asset Management, was on CNBC Europe, last night. Click here to listen to the interview.
NOTE II: Bob Parker is the only old guy Broker A listens to.
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