Ibex 35 Trades

Tuesday, June 02, 2009

Would You Like That In Black, Or White?

If the reader believed that the realignments, theoretically product of recent financial and economic distress, were to reopen that door to investment security - diversification, he or she would be advised to note that:

1). The euro, cable, the loonie, the yen, zinc, tin, copper, lead, and every equity index that we lay eyes on are currently trading at the disaster prone levels of last October;

2). The exceptions would be silver and gold, which are changing hands at the no less portentous levels of July past and crude oil and long bonds which are merely repeating December's moments.

Given that virtually all of the above also passed through a flexion point in March (approximately), one could argue that participants might be setting themselves up to have that evil binary switch thrown, yet again.

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