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
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.
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 .
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 $1.28 in 2011, according to Bloomberg data.
19 comments:
Hi Boris,
I have decided that banks just issue this stuff for the confusion factor:
From Globes today....Merrill Lynch analysts Turker Hamzaoglu and Jean-Michel Saliba say that they remain fundamentally bullish on the shekel. Their fundamental valuation model shows a fair value exchange rate to be NIS 3/$.
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!
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
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 ....
chart
is in progress
hope to get it to you
in 5-10 minutes
5 min data
on
MR
Dear Xerxes
Thanks for you comments
We missed those
for a long time
(:-
speaking of people missing in action...
anyone know how lagscrew is doing? what's the last anyone has heard of him?
Yeah,
I was wandering too!
Did Not hear From him
for many moons
Dear D
emini in email
emini
at
MR
also
5min
data
on
Mr+Email
emini
at your email
at Market Report
Dear Boris,
Good morning.
Thank you for the Swiss projection.
Good trading.
Bert
Dear Bert,
Sorry,
Was very busy, Yesterday
Good Trading Very Dear Friend
emini
at
Market Report
Please find
Emini
at
Market Report
Dear Boris,
Good morning.
Thanks and good trading.
Bert
Dear Bert,
Again,
Good Morning
and
Traidng to you
Very Dear
Friend
GOING
swimming
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