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Rate Hike

This evening (NYSEMKT:CET) the FED raised their discount rate to 0,75%. Nice to be USD long now - my HUF and Swiss positions entered nirvana today.

But I am frustrated since I was stopped out on my short positions in Schatz and 2 Yr, after the kneejerk reaction because of Obama's understandable anger speech against Wall Street.

Further rate hikes are in the cards, Europe will likely wait a bit because of PIGS. That means a normalisation in interest differentials between USD, CHF, JPY and EUR, and most likely a (faulty) recovery of the economy.