IIFT Daily Note with Peter Brown

Crazy Markets

Posted by:  |  Time: 8:13 am  |  Topic:
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Trading these markets is like wind surfing in a hurricane! The volitility is massive. Top to bottom on the S&P was 800 points in less than 24 hours. Impossible to decide on stops.

However what is clear is the trend. We have not seen the low on the S&P , summers 1080 has to be the next target. Euro will be sold off on the banking crises and the possibility we may get rate cuts and QE1. Gold is still good and we may see 2000 by Christmas.

All these views are hard to trade because the bounces are soo big. So keep position sise really small, the moves are big enough to give return even with small risk.

Good Luck

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