The bull is still very much in charge, but it pays to be cautious, as bargains are getting harder to find, says Barron’s Lauren Rublin.
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"While money doesn't buy love, it puts you in a great bargaining position." —Anonymous
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 2nd, 2009 at 2:03 pm
[...] Original post: Money Managers Are Still Bullish | The Big Picture [...]