VIX, Oil, BRICS & Sterling's Sell-Appeal

@14raj

use that maharashtra remedy at 10300-325 for today
in case the remety doesnot work try the swissy at short 1.0485

if that works, answer

Ashraf -

I hope you don't object to an investor's rather than a trader's question, but I and my broker very much respect your views. Having temporarily pulled out from precious metals pending their further retracement we are 100% cash. We are equities and 90% GBP averse with 50% in USD, 25% NOK, !5% CHF/JPY. Looking out for long term (5+ years), relatively safe high yielders we note BRL long bond has yield-to-maturity of 10%.

We anticipate longer duration than expected mix of deflation with modest inflation (stagflation), low interest rates and more QE. Our thinking would be to use our NOK, a similar resources currency which could also fall heavily in the case of a markets crack-up, if we were to purchase the BRL bond.

Its requirements include 2% Government levy and a minimum entry involving near 20% of our folio.

Any thoughts you might have on our views, and if and when to go for the BRL bond, would be very much appreciated.

Many thanks, John

Market setting up for some dollar selling retracement early in the week.

ashraf
a bounce in the dow jones is possible on monday? are u confirming

thanks