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Obama’s Role in the Next Market Breakout
A hunch is a dangerous thing…
And nowhere is it more dangerous than in the investment world, where a wrong hunch can get you a one way ticket to poverty bay.
That said, we thought we’d let you know ours anyway. We have a hunch the market is ready for a very sizeable move. That shouldn’t surprise you; after all the VIX is still hovering in the stratosphere, and big moves are, by definition, accompanied by elevated levels in volatility.
Yet a few things need explaining. First, why the markets have been moving sideways since the end of September ’08 – all the while accompanied…
28Jan2009 | Oxbury Research | 0 comments | ContinuedPound Sterling Plummets as the Chance for a BOE Rate Cut Improves
The British pound fell to a 22-month low yesterday (Wednesday), after the Bank of England (BOE) offered a gloomy outlook for the U.K. economy and the chance of an interest rate cut increased.
The pound fell to $1.8656 yesterday – its lowest level since October 2006 – from 1.8968 the day prior. The British currency has fallen 5.4% against the dollar so far this year, and 7.6% against the dollar since the end of July. The pound is down 7.5% against the euro this year.
The decline has been prompted by a perceived shift in BOE policy, as many analysts…
14Aug2008 | Money Morning | Comments Off | Continued
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