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by Ashraf Laidi
Posted: Jul 16, 2009 17:32
Comments: 89
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This thread was started in response to the Article:

Gauging the Bounce in Appetite

Forex markets have yet to buy into the rally in US equities.
 
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Rob
New York, United States
Posts: 305
15 years ago
Jul 21, 2009 18:59
Also, nice call on the response to Bernanke's comments - considering I sold GBP/JPY, do you have any thoughts on the BoE minutes tomorrow? Thanks
Rob
New York, United States
Posts: 305
15 years ago
Jul 21, 2009 18:57
Hi Ashraf,

Thanks for the last IMT, I had similar thoughts and shorted GBP/JPY at 153.50. Can you give a stop point for that. Thanks so much. Killer USD/JPY call/chart, by the way.

Hopefully the stop will be irrelevant by the time you get this. Thanks as always.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 21, 2009 16:18
Gunjack, i would not think so. Look at the DIVERGECNE between nasdaq and S&P as technology is being sold off. I do not see 1000 here and im not long stocks here.


Ashraf
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 21, 2009 14:08
Hi Ashraf - SPX just breaking through 957 mark...when do you think would be a good exit level for SPX longs or could this rally take us all the way to 1000?

Thx
Gunjack
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 21, 2009 13:23
shankar, for such a long term question, i definitely think it's worth diversifying into AUD and EUR. But you can also buy some ETFS that are denominated in Brazilian Reals, Chinese Yuan and Indian Rupiah.

Ashraf
Shankar
Melbourne, Australia
Posted Anonymously
15 years ago
Jul 21, 2009 12:21
Hi Ashraf, do you think holding most of your portfolio in Usd is a problem long term 5 to 10 year horizon. do you see chance of usd falling off the creek.
redstone
UK
Posts: 25
15 years ago
Jul 19, 2009 11:11
us jobless on tuesday if neg stocks rally should peter out. pos for jpy
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 17, 2009 17:57
we're probably going to need more than Ashraf's hand to get this S&P to 1000
TG
Singapore
Posts: 112
15 years ago
Jul 17, 2009 15:32
Opps, Yes '86.. thanks... :)
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 17, 2009 12:40
TG, maradona's hand of god was in 1986 not 1994. youre not the only one who did not see the current eqty rebound. But i was relatively skeptical about the previous equity selloff. we needed to see drop below 877. i guess we will before end of Q3.


Ashraf
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