Market Talk

I highlighted 4 points in my previous post.

I will still stand by them. The sub-prime episode will not be fully comprehended until everyone show hand.

One by one, more institutions are telling of their sub-prime commitments. When will it end, no one know.

The Yen carry trade, some unwinding in progress as Yen move up from 123.xx to 118.xx now.

Does not look good for the moment. I think clearer direction Will emerge after a few more days.

Lets wait and see.