Emerging Markets take a big hit

Emerging Markets got hit hard overnight which has been the continuing trend of the last week or so. I have cut down on my risk considerable as the volitility and liquidity will limit the ability to control risk. It looks to me the dealers are taking risk of. Squaring up existing EM positions as the dollar looks vunerable and the yield difference between dollars has narrowed (and should continue to narrow).

I am off for the next 3 weeks (I willl update when I am near a computer) so good luck to all.


FXTRADINGIDEAS@AOL.COM