The last trading day will be tomorrow, and probably a half day trading again before entering the new year.
As of now, YEN/USD is 112.68-112.72 - 0.42, which took a plunge after the incident in Pakistan. This is quite a drop, as I posted only near to a week before, it was trading around in the range of 114.
Nothing much to say of the market, as 2007 is going to end soon. If you follow the videos from inthemoneystocks.com, he mentioned about the credit issues with the people, where they are unable to pay up their credit card bills. This is 1 issue which may be relatively serious, as this implies that the US citizens are actually suffering from money delusions?
Next, our dear GIC and Temasek Holdings have finally done some investments in some of the largest investment banks in the world, and this was like a golden chance in like, once in a blue moon? Merrill Lynch, one of my favourite investment banks, and my dream place to work in, suffered quite a fair bit from the subprime issue and it is like out of more than 20 years, before they suffered such a big loss. With our cash rich Temasek Holdings pumping around 16billion (if I remember correctly) into Merrill Lynch, they almost became the largest shareholders! Like what I said, ML is a very strong bank with very strong analysts and fundamentals in terms of investments and equities, and probably this is 1 of the good choices that Temasek Holdings made.
That's probably about all, with low volume trading these few days, I don't really expect the marekt to be too volatile unless big news happen again. During low volumes, it favours the upside too.
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