HOLY AUSSIE!! Is australia going bankrupt?

Anyone look at the Aussie. That thing is crashing and has been crashing. Are they going to be they next iceland? I uderstand there is a carry trade, but come on that decline is insane.

Anyone planning to buy it at these prices?

 

Remember a few other things (if one is to trade even half rationally):

- irrational exuberance goes all ways
- the aussie is a mineral based currency

But, hey, short the little f''k ... its sitting in a nice triangle for a breakdown here. We will see

 

To short after this massive decline is crazy. The risk/reward would be too high.

 

short the kiwi trader position lets sell some calls

 

sheep aside...

this HAS to be a short term ballistic bounce candidate to dwarf whatever bounce we get in equities.

from near par to 63 on a rope (a short one) .

got burned once by this monday, but this is amazing. short term play, not long term...

contrarians welcome...