You can buy into a small position in the FTSE in the morning and be up 10, 15,or even 20% by 1pm. As you can't obviuosly trade at work, you await hometime to book your grocery expenses. Wapi! 2pm, Wall St bell dings, by 4pm, you are back to square one again.
Reason-everybody over there in the US knows there as an equivalent of the "dead man walking" in the the US banking industry, and thus looking to lock gains made in other markets.
So Americanos, we can all admit "makosa yalifanyika" in the past 5 years, but like the dude who uttered these immortal words, its time for you to take your whipping by accepting to nationalise Citi and Bank of America as a minimum and possibly shut down AIG.
Then we can start looking and defrosting markets for mortgage-backed securities and credit derivatives...
1 comment:
Everyone wants to take profits. Lets see how long the current rally will last.
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