Keep an eye oh these!

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July 14, 2008

1. $3b offering for fred die from 8-945am. 2. Currency and futures up up up. (Using the USD/JPY for currency, since all the invisible hand has to do is borrow cheap yen and flood the forex market with them for some uplift.) My take on this is simple, the huge prop from morning futures does not sit well in my stomach. “Only with news that increases market confidence” such as $3b offering is completed with zero interest (yeah ok) =maintaining +side in the morning and maybe some squeezes later.
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