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Strategies & Market Trends : ahhaha's ahs

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To: THE ANT who wrote (7582)3/8/2006 4:36:09 PM
From: ahhahaRead Replies (3) of 24758
 
The dollar!

This response is about the worst possible one. Haven't you been paying attention? WS believes rates are rising. They're throwing in their "FED is done" great expectation. What did I just tell you? It's dead wrong.

WS reacts to what it can invent. It's a self-fulfilling myth machine. The long bond rises 40 basis points in several days so short rates must take off. Not. The short rate will persist upward, but not in the way WS currently wants to believe. They'll forget all about this dire rising rate possibility when stocks start advancing again. WS invention is brief, cheap, and shallow.

The dollar is doing what I said it would 1 1/2 years ago: random walking in a base or just random walking randomly. It's almost impossible to trade a strongly trending dollar. It's totally impossible to trade it when it's doing anything else. It's like trading the value of money. How do you do that?
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