Submitted by Tyler Durden on 05/28/2014 - 08:09
According to JPM, a pair of wrong-way bets made by clients at the start of the year is partly to blame for Wall Street’s trading slowdown. Namely: the two mega-pain trades so far in 2014: being long USDJPY and short Treasurys which everyone had put on with mega-conviction at the beginning of the year, have so far in 2014 generated mega-losses for all those involved. Bloomberg quotes Pinto who said succinctly summarized that "Neither of those trades paid." He added: "Essentially you start the year with the wrong momentum, where you lose money at the very beginning, and you ended up with probably a lower risk appetite than you would have otherwise." And, as a result of actually, gasp, losing money, "Clients appear to be hesitating in placing the larger hedges that typically happen earlier in the year."
>> http://www.zerohedge.com/news/2014-05-28/two-mega-pain-trades-jpm-explains-why-big-institutions-are-losing-big-money-2014 <<
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| >>http://www.theartof12.blogspot.com/2014/05/jim-rogers-giants-ditching-dollar-over.html<< |
Where are all the Americans going to move to, Jim Rogers' and family? Korea? Japan? China? Russia? We can leave the destroyers of the USA in the land-locked super power failure til they resurrect the Constitutional Republic! Right?
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