thanks Frank, much appreciated...
let me know when that SA Rand is going to turn around..., believe it could go down as low as 6.1 : 1, but no lower...
that SA Rand carry trade is one potent beast (i.e. short the dollar and use proceeds to buy Rand which yields higher interest rate), that those hedge funds/currency traders have made huge profits on this year...
FWIW, my colleague agrees with you on the NASDAQ, believes this week it goes up and then SMH and techs/semis follow through with the up pattern the next few days/week thereafter...
really want to short the QQQ on fundamental basis, but as the maxim goes, the market can stay irrational longer than you can stay solvent...
