Snapshot of YEN/usd on cme today: .010234 (high, wow!) .009909 (low) Happy? Some folks seeking shelter are (happy, I mean), according to the WSJ, an excerpt: TOKYO -- Investors looking for safe haven from the global economic storm are flocking to the yen, but that's raising fears of a long-term slowdown in Japan, the world's second-largest economy. The dollar fell below 100 yen for the first time since April during trading in Tokyo. Later on Wednesday, the dollar was at 100.58 yen. The yen is attractive compared with other major currencies because Japan, with its relatively stable banking system, is widely seen as a refuge during periods of global economic upheaval.
Yea, a bummer I know. Cashed in better than 8/1 reward to risk in a matter of many days (without drawdown no less!), rather than a few months. That surpasses even the sweet territory enjoyed by those in Dick Cheney's rolodex. Another difference: I'm not taking mine to Dubai.