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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: SeaViewer who wrote (81224)4/27/2007 9:58:19 AM
From: orkrious  Read Replies (1) of 110194
 
according to a White House spokesman -- trotsky, 09:37:51 04/27/07 Fri
this weak GD number is really 'good' - you only have to look at it using the proper amount of spin.

@DXY -- trotsky, 09:13:39 04/27/07 Fri
on the DXY 5-min. chart, so far today, 5 waves down! a mirror image of yesterday's move.
nevertheless, the tug of war at this level remains in force - the question whether long term support at DXY 78-80 will or won't hold remains undecided.
this is where the gold price comes in - if we get a strong rally from here, the dollar bears will likely win this one. so far, the recent weakness in gold says they won't.
in spite of the fact that it isn't much talked about, this is probably an enormously important thing to watch. stock markets around the world have liked a weaker dollar. will they like a dollar that breaks below 80? recall that one of the triggers of the 1987 crash was a relentless decline in the dollar that went from being 'liked' to being feared in the space of a few weeks.
conversely, will they like it if/when the dollar strengthens from here? depends imo against what. if it strengthens against the yen and/or the Swiss franc, everybody will be happy. note though that these carry trade currencies are already home to enormous short positions. more and more market participants are sitting on the same side of the boat - eventually, the boat will capsize.
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