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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
This is a chart of the Euro today, since midnight:
(please click to enlarge)
At midnight The Euro was trading at 1.2523; at 7AM it traded at 1.2357. That is a move of 1.33% in 7 hours. These moves have a corresponding effect on the stock prices and commodities, so volatility is to be expected again, which is great for our straddles.
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