Dow 10,405.98 +2.19
Nasdaq 2,280.79 +7.22
SP500 1,118.31 +2.60
10-YrBond 3.61% +0.08
After trying to push higher in the morning, dollar closed down. Commodities up.
GLD 111.13 +1.70
SLV 16.62 +0.51
PTM 18.75 +0.28
XLE 57.16 +0.50
XLF 14.76 +0.04
VXX 25.30 -0.34
EXK 3.46 +0.16
NGD 4.54 +0.09
SQIFF 0.343 +0.047 (15.68%). Silver Quest Resources.
Murdoch pimps the idea that the slightly above average who read the Wall Street Newstainment Journal should feel like insiders and get short the euro/pound.
Hedge Funds Try 'Career Trade' Against Euro
... The big bets are emerging amid gatherings such as an exclusive "idea dinner" earlier this month that included hedge-fund titans SAC Capital Advisors LP and Soros Fund Management LLC. During the dinner, hosted by a boutique investment bank at a private townhouse in Manhattan, a small group of all-star hedge-fund managers argued that the euro is likely to fall to "parity"—or equal on an exchange basis—with the dollar ...
Sure, it's a "career trade" and the little guys should bet the house on something like FXB. When Murdoch pretends to let the little guys in, it's time to step back and look for a trap.
FXB 149.11 -0.31. CurrencyShares British Pound Sterling Tr.
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