I was asked about the USD – people are getting worried.
My immediate concern was why?
A good time to buy – China has some time off – so it is technically a good news week – doesn’t matter how bad the data is – it will be good news.
With equities same applies – if I was holding equities- a good time to sell.
Cash is an investment position – especially at low rates.
Costs you nothing to hold cash (USD) so you can’t lose.
Well you can if you want to – buy another currency – but that means stress.
Big phat disclaimer as I am talking about me.
Know how to short stocks?
Plenty of European Banks out there.
Deutsche Bank AG fell 0.9 percent after rising as much as 3.1 percent.
They may eliminate a dividend – as part of an overhaul – as the bank said it expects a third-quarter loss of 6.2 billion euros ($7 billion), the biggest in at least a decade.
Chart courtesy FT
Credit Suisse Group AG tumbled as much as 3.2 percent after the FT — citing unidentified people briefed on the plan — said the bank is preparing a “substantial” capital-raising
Chart courtesy FT. Click on chart to emblazon.
Now to me – those losses is a lot of money.
So the next question is – who would want to be holding Bank stocks?