Tuesday, September 30, 2008

Portfolio Performance : +54.76%

US Dollar Barometer stands at +3

Trade Recommendation : Long USD/CHF

Bottomline : Equity market rebounded in Asian trade. I am not taking any trades even though my gut feeling is telling me that things might turn better for the equity market. Yesterday's near death experience for the equity market twisted a bit of the market's expectation. Yes, it is clear that the markets want the US to take on the bailout package. The 777 point drop on the Dow had already taken away over 1 trillion in market cap in the equity market. I dont know how much more it will cause if they delay it.

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