Tuesday, September 16, 2008

Portfolio Performance : +30.03%

US Dollar stands at +1.5

Trade Recommendation : Long USD/JPY

Bottomline : What a weekend, big move in the markets after Lehman Bankruptcy. The Barclays vultures are now taking what is left of Lehman. AIG is next on the list. Citigroup maybe next (Check out the Chapter 11 listing for Lehman). Markets await the Fed decision rate. Consensus looking for a cut in interest rates, which could spur another commodity rally. This is going to be tough for the consumer and depressing for businesses. This is absolutely a tough environment for equities.

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