ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.A. (11 November Asia) Latest Impact: A.I.G. Again!
The giant insurance company (American International Group) AIG is being bailed out again to be the third time today.
That is not a good prospect for detailing the good effort of the bailout and it all narrates that the ‘bail out’ system for the disintegration of the global system is not working anymore. The bail out is outrageous; the keep to pump money in for an already dead system is not going to work.
This repetition for the third times underlies that bail out mission is not going to work, and once AIG derivatives are thrown away, then another blow up is expected. The economic malaise is totally not far from the mean reality as more bad outcomes to come.
The translation of the currencies move all back to their old ‘speedy trend’ tells that the operation of the bailout is faible, although the market initiated today great attention towards the Chinese stimulus package which should spur a corrective move, yet at no vain.
The markets preferred to trade the bad news (AIG) rather than the ‘illusionary good’ one (Chinese Stimulus package).
B. Signal
Limit Order Valid till 11 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. ****
