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Strategies & Market Trends : P&S and STO Death Blow's

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To: ajtj99 who wrote (23006)1/9/2003 7:37:19 AM
From: t2  Read Replies (2) of 30712
 
Hi Aj, Just taking time off..and not doing much position trading..only daytrading for now..and lurking a lot on the precious metals threads. The weakening dollar is really messing up my plans to go heavily short stocks. Too many people believe a low dollar will be bad for equities but I am not convinced. Bill Gross said weak dollar could be good for economy yesterday I believe...and I still think there is a chance that currency risk in treasuries will force more and more money into stocks. Even though it can be argued that stocks must decline in that environment but I would note that what is "supposed" to happen does not always. We have seen collapses in usually one area offset by strength in others...and I see collapse in dollar possibly causing surge in equities and that can mess up the 1930s type of retrace, imho.

To me only gold and silver look like safe long bets this time (the metals more than stocks).
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