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Analyst: We're All 'FOBORS' Today

Joe WeisenthalMar 5, 2013, 15:44 IST

In his morning note, SocGen currency guru Kit Juckes writes:

Good morning. The papers tell us we are going to enjoy a 'mini-heatwave' for the next 24 hours in London, with temperatures at a "balmy" 15C, 59F. Banish Monday Blues but don't get suckered into thinking that all our troubles are really behind us. Just enjoy the moment. This is Ben's magic at work.

On Twitter he follows by saying: "We're all FOBORS today."

FOBORS? What's that mean?

Fellow market pro Dan Davies explains.

Ah. The prevailing sentiment. Ben, the Bank of Japan, and whoever else, forcing people to take on risk.

Acronym of the day.