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12 Responses to “Investing Answers for Wednesday, 1/21”
Japanese yen is dominating. For instance, USD/JPY has broken resistance 88.75. Short positions in EUR/JPY and USD/JPY expected to strengthen until about 11AM Eastern
The sudden drop in USD/JPY seems to be over. What a dramatic move! At 10am Eastern USD/JPY was 90.135 and by 11:15 it had dropped below 87.3 (apparently passed 12/17 low of 87.14).
At times like these, I wish that the contest allowed Put buying (or at lest to sell your stock) to hedge positions. It’s hard to expect equities to perform when Dollar is getting crushed by the yen like this where there is no news. You have hundreds of thousands of dollars in stock positions and cannot buy a Put or sell Calls to hedge your positions.
in case somebody wants a desperation play, currencies can make a large amount in the short term. EUR/CHF moved from 1.47398 to 1.50317 in just over three hours. Also, dramatic moves occurred in JPY and CAD.
It is possible for these moves each to make about $30,000 if you started with $100,000 (of course, nobody can call the bottom or the top, but if you did, for example, that’s what could have happened in today’s currency market just during the stock market hours. Currency is open all night). Apparently, there was options expiration in the currency market and that seems to have increased the volatility for today.
Top Contributors
No commentators.
Weekly Trivia Question (1/20)
Question: Jobless claims are reported Answer - Weekly
Squawk Box
Question: In Maria Bartiromo’s Jan. 20 video “Market Message,” which of these topics did she mention first?
Apple earnings
Both of above
Japanese yen is dominating. For instance, USD/JPY has broken resistance 88.75. Short positions in EUR/JPY and USD/JPY expected to strengthen until about 11AM Eastern
The Call
Question: According to Jim Goldman’s blog “Tumult vs. Triumph,” why did RBC Capital’s Mike Abramsky lower his Apple estimates?
fear of Mac order slowdown
The sudden drop in USD/JPY seems to be over. What a dramatic move! At 10am Eastern USD/JPY was 90.135 and by 11:15 it had dropped below 87.3 (apparently passed 12/17 low of 87.14).
At times like these, I wish that the contest allowed Put buying (or at lest to sell your stock) to hedge positions. It’s hard to expect equities to perform when Dollar is getting crushed by the yen like this where there is no news. You have hundreds of thousands of dollars in stock positions and cannot buy a Put or sell Calls to hedge your positions.
DRJ
It is not as granular as you asked but you can buy ETFs which short various segments of the market.
help home builders
Question: In “Cramer’s 10 Tips for Obama” what did the Mad Money guru NOT suggest government do?
help home builders (not)
Susan got there first!
Closing Bell
Question: On our Web site’s Credit Spreads page (hint: find it via the Market Buzz box), what is the first type of data shown?
TED Spread
Answer Closing Bell
TED spread
in case somebody wants a desperation play, currencies can make a large amount in the short term. EUR/CHF moved from 1.47398 to 1.50317 in just over three hours. Also, dramatic moves occurred in JPY and CAD.
It is possible for these moves each to make about $30,000 if you started with $100,000 (of course, nobody can call the bottom or the top, but if you did, for example, that’s what could have happened in today’s currency market just during the stock market hours. Currency is open all night). Apparently, there was options expiration in the currency market and that seems to have increased the volatility for today.