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Foreign Exchange

Looks Like Another Good Week; Dow Continues to Lead – Mostly; Carry Trade Back In Full Force

May 17, 2007 Reading Time: 5 minutes

It’s looking like another good week for the stock market.  Here’s how the action looks through 4 days: Dow: +151, to 13,477 S&P: +7, to 1513 Nasdaq: -23, to 2539 Russell 2000: -14, to 816 Again, we are seeing the…

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Bank of Japan Holds Target Interest Rate Steady

April 27, 2007 Reading Time: 1 minute

At 2:07pm in Japan, 10:07pm out here in California, the Bank of Japan (BOJ) held its interest rate target steady at .5%.  This is good news for stocks as it doesn’t put any pressure on the carry trade.  The yen…

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Graham Summers Says The Carry Trade Doesn’t Matter – I Think He’s Wrong

March 26, 2007 Reading Time: 4 minutes

S&P 500 (black line) and $/Yen (orange line), December 27 2006 – March 26 2007

Read More Graham Summers Says The Carry Trade Doesn’t Matter – I Think He’s WrongContinue

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I dropped out of Philosophy graduate school to start Top Gun in 2006 to profit from the bursting of the housing bubble. The stock market peaked in 2007 and Top Gun beat the S&P by more than 50% in 2008... Learn More

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