Uh-oh. Gulp! You're right, I jinxed it!
80 does not really matter, it's just a level on
the euro-dominated dollar index. It could go to high 70-s and
do nothing there, then bounce, cause dollar bears expected it
to do something. It's really about rats abandoning ship, seen
as a change of "slope", which is an unpredictable event of
collective behavior of lemmings going over a cliff. -g-
Da storm clowds are gathering, and da bulls are taunting da
bears big time. My mama told me not to tease da bear, it can
bite. -g- The storm clowds are those of a perfect storm.
To be honest, I don't want it, I'd rather have the Fed
reflation succeed. But, trade deficit is not coming down,
and total debt is on the rise, so the only thing they succeeded
in was blowing another bubble. |
