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Asia is a mess, again

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Mar 5, 2007 2:38 am

Asian stocks tumbled, extending a global selloff that had wiped at least $1.5

trillion from the value of global equities, on concern U.S. growth will stall.

The yen climbed to its strongest in almost three months against the dollar

as Asian stocks extended a global slump, prompting investors to unwind

riskier investments funded by borrowing in Japan.

Mar 5, 2007 9:06 am

I might do a little prospecting (again) in Canada today:

The Canadian version trades as PDN.TO on the TSX.

The Year of the Pig nuked quite a few baby hedge fund managers (late to the party kids) in this sector (uranium). They didn't pile on a year ago like the adults did and waited for the glow to get too bright. I hear there were major meltdowns again for them. I guess they can move back in with mommy like Brian Hunter had to do last year.

This is by no means a solicitation so don't anyone "react" and get yellowcake fever until your own due dilly is performed. Cigar Lake might be ready to rock and roll by the end of the month.

Mar 5, 2007 9:22 am

For all the rookies who don't know what the term "carry trade" means.