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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: gregor_us who wrote (22995)12/7/2004 12:25:13 PM
From: westpacific  Read Replies (3) of 110194
 
Disagree Dollar will see no lower than 78.

Right now I have never seen a more oversold chart - oversold beyond belief, SHORT SQUEEZE ANYONE!!!!!!

Longer term, maybe 70, but so what if at some point we see interest rates of 12 to 21% on dollar cash.

Watch...........my father taught me, never bet against the USA. And you know what, America is a great country, yes in debt up to its eyeballs but that will all clear out in the next 6 years or so, via a debt collapse and deflationary collapse.

With deflation GOLD will tank along with all commodities.

As for me, I am hedged heavy outside the dollar (but not all of it, one has to bet always on America, one has to believe in the people of America) - however holding US REAL ESTATE here in any form is the biggest mistake you can make!

All the best,

West
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