There is still plenty of opportunity globally, and as my friend has so dutifully pointed out, China has not only started to do the smart thing in diversifying away from US Treasuries, they have also kept their word in letting their currency appreciate: http://finance.yahoo.com/q/bc?s=USDCNY=X&t=1y So, if you believe currency appreciation will not spell doomsday to [...]
I could probably spend all day pointing out signs of the negative side of the market, but this one was too good to pass up: http://www.latimes.com/business/la-fi-brookstreet22jun22,1,3414975.story?coll=la-headlines-business&ctrack=1&cset=true I wonder how many small-to-mid size trading shops have been riding the wave over the last five years… addthis_url = ‘http%3A%2F%2Fparanoidbull.com%2F2007%2F06%2Fsigns-of-spreading%2F’; addthis_title = ‘Signs+of+Spreading’; addthis_pub = ”;
I have been watching the unfolding of the suprime industry from the sidelines (kind of) for too long, and at this point, I need to start venting in a forum where at least I have a reason to believe someone might listen. One of the shocking things to me about the system is how the [...]