søndag den 21. juni 2009

Suffering is one very long moment. We cannot divide it by seasons. Oscar Wilde (1854 - 1900),


Dear Investors,

Took profit on the cash USD/JPY short - MTD: +55 bps ....

Still same scenario - week-end press mostly about Iran and how things there is going wrong:

http://tinyurl.com/kwzz8q

The key focus' this week being the ECB and FOMC meetings...

There was more "leaking" and "faking" ahead of the FOMC meet - The Fed to stamp out early hikes : http://tinyurl.com/nblbj5

On the ECB will focus will be how much demand there is for liquidity - some Inv. bank names sees big demand as indication of "risk appetetite"...(http://www.ft.com/cms/s/0/c1e03e28-5f4e-11de-93d1-00144feabdc0.html?ftcamp=rss).on the other hand more and more of the good cyclical trend predictors is turning down - my friend Sam sent me this interesting Gentleman:

Charles Nenner: http://www.cnbc.com/id/15840232?video=1155616343&play=1

Nenner is my kind of man and investor... ;-)

Still got all the same positions.

Safe trading,

Steen Jakobsen

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