IIFT Daily Note with Peter Brown

Very dangerous

Posted by:  |  Time: 6:16 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

It has to be said the swings from Risk on to Risk off in these markets¬†are extreme. From Friday’d Non farm, which was better than expected to the late downgrades to the weekend agreement by Merkel and Sarkozy(no substance). Overall the market is in a bad state. The moves however are crazy and reflect a market that is thin and extremely nervous. Frankly anything could happen here.

Quiet impossible to trade these swings, the moves are too big and don,t reflect the underlying situation.

Looks like this turmoil in going to continue. We need to settle down. In the meantime keep it very small.

Comments are closed.