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Posts by "harmonycptl"

21 Posts by Anonymous "harmonycptl":
 
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harmonycptl
California, United States
Posted Anonymously
16 years ago
Sep 17, 2008 15:22
In Thread: Bridge Loans to ... Everywhere
I believe very short lived.

Bailouts are like a honeymoons. They are both sentimental peaks - the end of the innocence and the beginning of reality.

I shorted USD/JPY yesterday evening at 106.347. Why?

1. Good technical short opportunity - price nearly two (1.96)stdev above mean close on 30 minute and hourly charts, reaching R1 as well.

2. As stated above bailouts are like honeymoons and I believe the markets are realizing that that they have married a lip stick packing pig - sorry, couldn't help myself. AIG is one of the largest swap insurers in the market. AIG's failure highlights the fact that the level of financial/corporate failure is so extreme that normal market protections cannot contain the failure. This will scare even the most risk seeking investors to safety.
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