According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week's record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May '08 and net longs in the Canadian$ rose to the highest since Nov '07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to...
December 23rd, 2008 at 10:33 am
Hysterical!
December 23rd, 2008 at 10:48 am
Nice!
I’ll bet a dollar to a donut there was no check in the card, but the fund manager got his Holiday bonus… right?
December 23rd, 2008 at 10:51 am
Very Cool.
December 23rd, 2008 at 11:26 am
Looks more like the housing market to me. The stock market is much lower in 2008 than 2004. Although I like the general idea.
December 23rd, 2008 at 11:44 am
Good point — it should say 1998 – 2008!
December 23rd, 2008 at 12:04 pm
Buy and hold is for suckers and the mantra preached to the masses.
December 23rd, 2008 at 12:24 pm
Best wall st. xmas bonus I ever got: A wonka bar.
Back office ftw…
(but at least it wasn’t quite as bad as the worst birthday present I got..)
December 23rd, 2008 at 5:21 pm
That graph looks like Southern California housing prices.
December 24th, 2008 at 12:25 pm
This was mentioned on Fast Money last night
http://www.cnbc.com/id/15840232?video=975129200&play=1
At the 3:30 mark