USD

Mr nip clever cat!

very wise Chloe.. zen of swing, eh?.. few scalps here and there can't hurt that, can they?.. but very different mind set required.. bot like:-)

hey dave,im only thinkn about how markets could react to the latest news an it makes sence that markets could have a short lived relief rally like u suggested on fri for s&p, i think it makes more sence for it to continue with a sell off as we sold off last week on escalating market jitters and now the recent downgrade should add to those fears but markets have a tendencie to move in the opposite direction than most expect lol so a bounce in risk wouldnt suprise me lol.no longer am i interested in guessing the direction and risking my profits i;ll stand aside and wait for the dust to settle but i cant help but think of possible senerios lol.thats just the gambler in me trying to resurface lol..ok guys gl this week:) and every1 keep up the great work/trade ideas:)

Chloe the incorrigible fader contrarian :-)

You might be right as anything is possible with mkt irrationality, however I should point out that s&p ALREADY fell out of bed ! At some point a relief rally is inevitable but I should be very surprised to see it get anywhere near previous highs. Right now I worry about the impending liquidity crisis Cat (and other comentators) have been alerting. Not sure if you appreciate the degree of eurozone fundamentals deterioration this year which is truly frightening.

It will be interesting to see if 10yr yields continue on down as Roubini thinks possible.

and how non-news this is.. 10-year Treasury bonds were at low 2.56 percent Friday and that despite worries and rumors of an impending downgrade from S&P.. simply there are no alternatives..