Euros
Everything is down but my Euro hedge. I set a target of 155 and it is now close at 152. Purchase price was around 148 so it is close to selling time. If it bumps up a bit more on Monday I will clear out the Euros. The Canadian banks all took a hit as I guessed that they all exposed themselves in various ways to subprime stuff but in Canadian fashion didn’t have to report it so quickly. The end result is that they are now taking their lumps but they are all sound whereas American banks might not all survive this summer. Thus Canadian banks should not be so down.
So the plan is to exit from Euros if they bump up (153+) and buy more of the safer three Canadian banks.
Lesson learned from earlier. When the Canadian banks bumped up over the last few weeks I should have sold and waited for the correction and rebought them now. But buy and hold will still pay off in the long term.
Stupid MSFT. That stock just seems to keep on sucking. Why?