Posts by "speculator"

guys i am a financial advisor but a realstic one with solid economics/finance background and yes most financial advisors have little clue about financial markets. Financial advisors tend to ignore market timing as we only look at 5 years plus and just match the clients risk to a suitable solution.

im currently long usd at 1.46 and decided not to sell at 1.42 back in april as i thought things could only get worse in equities. fortunately i dont use derivatives or trading platforms.

i guess its a matter of patience and this pathetic confused equity market is bound to sober up soon.

even if equities go sideways for a while cable should fall marginally.

hi guys i have just joined today.

it is quite obvious that Cable is being mainly driven by equity strength this year.

i can easily see cable making 2009 highs ie 1.55+ if equities sustain their recent gains.

however there seems to be overoptomism built in to the markets at present that could easily correct prices as potential negative surprises come about this summer.

The markets are now pricing in a long recession rather than depressesion which meant that forecasts were mainly beaten on earnings.

I do not see cable trading below 1.44 unless we have a 20% equities decline over the next 2 months or UK credit downgrades.

Gold has risen of late which could imply an equities correction as markets try to shift profits in to other asset classes.

In my personal opinion we are in a long bear market rally and such sharp gains imply further losses down the line. But the question is when the trend in eqities will change it may not be may. A shift in cofidence is very much likely in this type of recession. It is often when people expect the best that markets are shocked and a correction in price comes about.