Latin American Banks Dig Into Reserves to Salvage Currencies
By Adriana Brasileiro and Andre Soliani
Oct. 9 (Bloomberg) -- Latin American central banks are being forced to draw on record foreign reserves built up during the six-year commodities rally to stop their currencies from sinking in the worst financial crisis since the Great Depression.
I do not have as good a command on the role of currency refers on foreign stocks. But the charts know! I think that you will find the chart interesting, and if you are like me and do not have as good a command on this issue as you should if you are doing investing in these types of firms, this article may be a wake up call.
I woke up parched. As I laid in bed wondering if I should get up, my brain governed by my parched body seized on the simple fact that I had enough ingredients to make a decent limeade (from concentrate). I'm no good this time of day. But as I was hydrating, I was reading. And...in reading I wanted to share this.
Lesson for you: stay hydrated properly and understand currency risk in changing times. Night, night.
2 comments:
Leisa said..
"The metal to have is the one that has a trigger..."
LOL... I like that one...
So back and forth action here really the past 2 days - NASD & TRAN a little relative strength - still some sellers though - yet hard to believe people are taking a loss after the huge drop...
Though it does look like some insurance companies are really going to take a hit... doubly hit by both what they insured and their declining portfolios.
Pension funds must really regretted piling into the commodities at the top - a sad way to lose the general publics money.
And funny with the US saying it may buy bank stocks (common and preferred) - when Japan tried this the market crashed...
Of course if all the governments say they will buy stocks - then no individual market can crash by itself - so it seems the US is in effect causing a crisis elsewhere forcing every government to do what the US does.
Everywhere I turn is talk of a botttom...
DOW almost reached 9000 this morning - quite a drop from 10500 where all the 'Trading Wizards' said buy...
Anyone think the 2002 trading cycle lows are in play?
DOW 8000
NASD COMP 1500
S&P 800
At the moment there seemed to be buying interest as the S&P got near 950
I await the interesting speech at 1:30 by Fed's Stern on the 'Financial Shock'
nice...
Indeed the 2002 cycle lows could be in play...
Patience is a virtue.. I guess..
Oil $85 - that's nice too.
Swaps to be unwound over the weekend...
People now realize it has been a crash - not a buying opp...
'Wizards' should have known this...
At least it won't matter if they remove the short selling rule now LOL
nice
Post a Comment