Quote:
Originally Posted by Beanie
I wish I had more money in my newly opened e-trade account. I have to wait 4 business days before I can buy anything.  |
I know the feeling. Late December of 2007... I wanted to trade everything for Yen before US banks reported earnings in early January. Would have made bank!!!
GOOD NEWS OUT:
naked capitalism: DTCC Claims Lehman Credit Default Swap Worries Overblown, Net Payments Only $6 Billion
The Lehman CDS auction shouldn't cripple us afterall.
Also, there are interbank accords in the works. Australia just guaranteed all interbank borrowing and deposits for three years. Pre-market rates are pouring in now. GBP/JPY offers @ 172. Good thing I stayed long over the weekend! My account will gap up $1000 in an hour when the Aussie market opens. Monday will be a positive day for the US as well. Sleep easy everyone!