I have to agree with Sido - the MAD fundamentals are sound but panic is panic.
Bargearse - I am buying today, I wish I had waited a little longer as I got in higher than I should have. Now trying to read the tea leaves before going for another buy.
The next few months could be interesting as France, Greece and Spain play their parts and US economic data comes and goes. However, oil is still oil and absent a large drop in the ppb I think the MAD sp will recover nicely over time.
I wonder what conversations we will all be having in 6 months as far as MAD is concerned... I may look back and wish I had sold up at 1.165 but I doubt it...
FDM Price at posting:
$1.17 Sentiment: Buy Disclosure: Held