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AUD/JPY Decouples, ES Sitting 7 Points Rich
From DerailedCapitalism:
The late night daily decoupling is here. Everyone knows the drill, long AUD/JPY - Short ES on convergence play

...how long will convergence take this time? 1h, 2h, overnight?
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Aussie home bubble blahblahblah.
Its got a bit left in it yet.
Mineral boom, lefty government opening the floodgates, big shortage of houses.
another couple of years yet, sadly.
Daily and weekly overbought charts are now
at an extreme level. Similar extreme conditions were detected before the correction started in mid 2007.
http://stockmarket618.wordpress.com
Aussie home bubble is starting to burst. THE number of homes and businesses repossessed by banks has reached an all-time high in Queensland as record numbers of owners default on mortgage repayments. http://www.couriermail.com.au/property/houses-seized-as-mortgage-default...
Wash, Rinse, and Repeat...