Doc V, <<I just don't get the dollar thing at this juncture ...>>
... nothing to get, just that 13+% of the players want to swing the market one way to make some more money, before they swing it another way to make additional moolah.
They will scare the most vulnerable positions on one side of the listing boat into moving, and that will scare others, leading to ... well, you know, tsunami.
I believe Elmat is wrong in thinking that it is capital flight that is doing the swings. I think it is the leverage community ... a fraternity of pranksters providing a needed social service ;0)
<<I fear I do not know who or from where the catalyst will be? It would take some pretty deep pockets to push the boulder off it's perch, and I think it would have to be based in the US. No?>>
... I believe they are all around us, in NYC, London, Zurich, Tokyo, Hong Kong, Singapore, Grand Cayman, and they talk to each other, scaring each other, as we do here on SI (see, let me try it on you, "how would USD 330 gold grab you?" :0)
I think this is one reason why nothing goes up in a straight line, and nothing tanks directly down.
This year will first belong to them, and then taken away from them.
J |