1-800 OK Cable

Time to close out the dollar long cable short, 1000 pips in 10 days, essentially straight down the last 5, just begs for some retracement. The inflation report by the Bank of England yesterday was wonderful for those of us short the pound and long the dollar but it is now priced in. The market is pricing in a huge rate BoE cut to the 1% area. Any sort of gearing with this trade ensured a huge two one week return, but pigs get fat and hogs get slaughtered, unless London bridge comes falling down.

Contemplating what domino falls next. I'm currently investigating life insurers on the short side, but there isn't much meat left on those bones.

You know the doo doo is hitting the fan when Japan is loaning out its foreign currency reserves to the IMF to "do what it feels is necessary".