It was a knee-jerk reaction after the reports of an earthquake. The logic behind the move is that a natural disaster in California could damage the U.S. economy.
More Quotes from Lee Ferridge:
The question is Is it economic recovery or government spending that has boosted the yen recently I tend to think it's the latter. There is little incentive to buy Japanese stocks at the present time, and really, little incentive to buy yen.Lee Ferridge
After all, it wasn't a bad number. It's just that the market had positioned for something even better.
Lee Ferridge
Trade concerns and concerns over repatriation (of yen by Japanese investors selling U.S. treasuries) are the main components behind the yen's rise,
Lee Ferridge
The euro got bought up toward the end of last week on the prospect of a deal being struck, and so often with these things in the markets, it is buy the rumor and sell the fact,'
Lee Ferridge
We've just seen some stop-losses and it looks like people chose the downside.
Lee Ferridge
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Based on Topics: Logic QuotesBased on Keywords: knee-jerk
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I was out dancing with one actress or another. And that got press. Even when it didn't, the whole town knew I was a dancing fool, and since I couldn't very well dance with a man, they saw me dancing with a lady, and they assumed the rest.
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But I am not political in the current events sense, and I have never wanted anyone to read my poetry that way.
Diane Wakoski