Stock Market Rollercoaster
By Barry Ritholtz - November 18th, 2008, 5:30PM
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Stock Market Rollercoaster by Paul Zanetti
"While money doesn't buy love, it puts you in a great bargaining position." —Anonymous
Macro Notes
US$ rally continuesPeter Boockvar
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 18th, 2008 at 5:42 pm
From the guys who brought you the Real Estate charts from a couple days ago…..looks like the top of the old Cyclone roller coaster I used to ride as a kid…!
http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html
November 18th, 2008 at 6:07 pm
That looks like the coaster from Cedar Pointe in Sandusky, Ohio. Get some Dramamine and buckle up..
November 18th, 2008 at 9:02 pm
Darling comic.
One of my best friend is with MS. He’s older than I am, but I won’t hold it against him. Anyway, even BEFORE the close, I sent him an email asking “have you seen everything now?”
His reply: “The range of emotions I go through everyday is gonna kill me! I think I’m going to start drinking before the open from now on.”
(What he was really going to do was bang out 50 hard miles on his bike before dinner. Remember the market closes at 1 pm in the west.)