Sunday, October 03, 2010

Friendlier Waters/Sentiment for bears


No, Market may not be an immediate sell, but it surely is not an immediate buy it was when the PCratios were turning down. Now, the fear should start creeping inot the hearts of bulls, slowly, perhaps, but surely

19 comments:

Miriam said...

Hi Boris,
I have decided that banks just issue this stuff for the confusion factor:
From Globes today....Merrill Lynch analysts Turker Hamzaoglu and Jean-Michel Saliba say that they remain fundamentally bullish on the shekel. Their fundamental valuation model shows a fair value exchange rate to be NIS 3/$.


In 2011, the analysts expect the shekel to weaken against the dollar, as well as a euro-dollar basket, as interest rate increases are priced in, and the current account surplus diminishes.

Merrill Lynch expects the exchange rate to rise to NIS 3.8/$ by the end of 2010, and to rise to NIS 3.9/$ by the third quarter of 2011.

First, they said bullish on the shekel and fair valuation is 3. Then they said expect the rate to be 3.8 in the next 90 days, and then a rise to only 3.9 by Q3, 2011.

Talk about a Flip Flop!

boris said...

Dear Miriam,
YOu and i know(:- !

That the latter is correct
and meanwhile, they want the people to expect 3 and be trapped there , because they do not say when the trun will happen do they?

This is the same company that copied my original work and call it their own.

I am , actually , not sure, BOI is not aware and tacitly approves this staff. ( GOD HELP US).

Remember Dr Stanley Fischer apparently was at Merrill at some point in his career .

GOod Trading Dear Miriam

xerxes said...

B-berg starting to promote the buckeroo today Dear Boris :

TD Securities [best fx predictor with #1 rank] predicts that the euro will trade at $1.13 by year-end, compared with $1.38 as of Oct. 1, and drop to parity against the dollar next year. The median forecast for the euro against the dollar is for $1.30 by year-end and $1.28 in 2011, according to Bloomberg data.

Viva the American Peso ....

boris said...

chart
is in progress
hope to get it to you
in 5-10 minutes

boris said...

5 min data
on
MR

boris said...

Dear Xerxes
Thanks for you comments
We missed those
for a long time
(:-

D said...

speaking of people missing in action...

anyone know how lagscrew is doing? what's the last anyone has heard of him?

boris said...

Yeah,
I was wandering too!

Did Not hear From him
for many moons

Dear D

boris said...

emini in email

boris said...

emini
at
MR
also

boris said...

5min
data
on
Mr+Email

boris said...

emini
at your email
at Market Report

Wanderer said...

Dear Boris,
Good morning.
Thank you for the Swiss projection.
Good trading.

Bert

boris said...

Dear Bert,
Sorry,
Was very busy, Yesterday

Good Trading Very Dear Friend

boris said...

emini
at
Market Report

boris said...

Please find
Emini
at
Market Report

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

boris said...

Dear Bert,
Again,
Good Morning
and
Traidng to you
Very Dear
Friend

boris said...

GOING
swimming