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Dollar & Wine Enjoyed!

Mon, Nov 17 2008, 13:41 GMT
by Anthony Samaha

ForexSurvivor

1 minute with ForexSurvivor

A.        (17 November US) Latest Impact: Dollar & Wine Enjoyed!

                        On my previous wire (Friday), I expected nothing from G20; and today, G20 leaderships made a decision, a determination, to do nothing to prevent the presently onrushing collapse from happening. Hedge fund business this week will have a very bad outcome where at least 25% is heading towards vaporization.

CNN showed Mr. Bush, Mr. Brown, & Mr. Abdullah cheering up a toast wine ‘for the downfall the global system is going to.’ If I could read the image of their lips, it was like saying: Guys, our ‘conspiracy’ plan worked well and now let us see how the Democrats suffer the consequences! Cheers.

Why the gatherings of the 20 leaderships did not succeed? Simply put, the original ‘Bretton Woods’ took 2-year of work, while this summit preparations took less than 30days. My signal target for long term investments takes more than 3-months of research only, so what shall we expect from a summit of ‘political’ leaders joining a wine-decision? Their conclusions: let us meet again spring time in the UK, a meaning of uncertainty till then.

Worth a note: the next giant meeting is in the UK (hedge fund & derivatives home)

** If yen crosses rally this afternoon, the result would be no sustain-rally.

B.        Signal

n/a

Limit Order Valid till XX November

C.        Mission Accomplished:

n/a

Position(s) Closed

D.        The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

Published on  Mon, Nov 17 2008, 13:44 GMT