Barron’s Options Editor Steve Sears discusses if the market has bottomed and despite recent givebacks is starting to rebound.
11/25/2008
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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November 26th, 2008 at 4:44 am
Barry:
Doesn’t work at all in either Firefox or IE7 at this ungodly hour.
November 26th, 2008 at 5:59 am
Yeah, I ifnd the WSJ videos are sometimes gltichy.
If you see a black screen, it probably wont work — but if you see a picture in the embed, its usually good to go
I am not sure if its a brightcove problem or something else…
November 26th, 2008 at 9:09 am
Try this link: http://www.thenewsroom.com/details/3500458
This should get you there….
November 26th, 2008 at 1:20 pm
Yes, I think we have hit the ground at the bottom of the deepest 2008 valley. But over the next hilltop I see an even deeper one in 2009. Happy mountaineering!
Also, I am thinking 2008 will not end up as the worst year ever.
November 26th, 2008 at 11:06 pm
Anyone have a read on hedge redemptions? Have the funds finished deleveraging?