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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: yard_man who wrote (282)2/19/2004 6:41:46 PM
From: gregor_us  Read Replies (1) of 116555
 
Tippet, Could You Write More About How You View

...the commentary from Temple?

As background, let's recall that what looked like a reversal in the horrible US Trade Deficit, when the January release occured, certainly had all the effects Temple is warning of now. All the trades that keyed off a Dollar-Bear Story got killed, hammered. The chatter I heard then was "the big money has been made in the dollar--it's over now--and all the ancillary trades along with it." But, those trade were put back on again in late January and into February.

When the February release occurred, however, showing awful Trade Deficit numbers of course it looked like those trades would deliver big time--but then we entered the Jawbone Zone from the EuroZone.

So, my question to you is: are you saying that Temple thinks he's speaking to the smart money--when in fact he's speaking to everyone, etc?

Cheers.
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