Thursday, October 02, 2008

Portfolio Performance : +56.16%

US Dollar Barometer stands at +4

Trade Recommendation : Long USD/CHF

Bottomline : US Dollar strength is back with a vengence. Did some shorts on Gold, which helped the portfolio. The best things to trade now are probably bonds. Commodity volumes have declined while currencies are having big moves in anticipation of a global economic slowdown. Equities, I feel will not be fantastic, equity market participants might feel a bit jaded after the big drop on Monday.

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