I haven't held a position is US markets since Sepember 11. After they closed the exchange, I realised that if I had of been long, I would not have been able to exist or hedge my position. Now I only trade Eurex as I believe frankfurt is less of a terrorist target that New York. Runningbear
I'm going to diversify more in countries, but the dollar hedge thing is more difficult. I dont know any trustworthy non-US FX broker that I can put trades on
hate to sound like a heartless capitalist but if one morning I wake up and see on CNN a mushroom in times square the first thing I will be thinking is 'I wonder where the 30y treasury will trade at after this'
You mean kinda like the final scene in "Fight Club"? Operation Mayhem was supposed to erase all debt by destroying the buildings that held the finance companies' servers... <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/po0nBuXNk3U&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/po0nBuXNk3U&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
If NYC gets leveled you have alot more to worry about than monetary assets. You can be 100% confident we would see global thermo nuclear war breakout. "would you like to play a game?"
The Government has plans to take care of the Politicians. Public be damned. In 1986, Ed Kershner, a big strategist for Paine Webber at the time, the 'guru', spoke of such a scenario. He said..... good time to own OEX puts. But try and settle the trade.