08 December 2006

UPDATE released 04 apr 23

you get more frequent updates now that i am not a corporate slave.
currency
most currencies that appreciated 40% plus in the past year have lost their allure in the last few weeks. those of you who short against euro should have reached their target profits if not more.
stocks
almost all indexes go south since my last update, you will be better off owning stocks that have low p/e as suggested in the last update than those with higher ones.
oil price
the worrying trend is that the oil price is at an all time high and it has been staying up there even after the winter. technically, prices can reach the 50s if it doesnt ease soon. every economy will then be thrown into a nightmare at such prices with higher interest rates.

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