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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (25753)12/21/2009 1:12:38 AM
From: RockyBalboa1 Recommendation  Read Replies (1) of 71456
 
The EUR got hit harder than the pound... true this is the result of the dollar and pound being in some part on the same side of the trade since they followed the same QE policy.

I still think unless the $ regime changes, the EUR drop is a temporary thing. The greek and austrian problems will disappear from the media and people will concentrate on other stuff.

There´s is one thing which should resolve pretty soon, perhaps mid January:
if the dollar was in short supply not because of the fed but because the market scales back borrowed positions... then this means trouble for the stock market as well as for the operational leverage (read: profits) of global companies denominated in US.

Banks are declining for some time now, Barclays being off about $8 from its high to $17s probably because of profit taking and unclear outlook.

Banks, ho hum:

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