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Strategies & Market Trends : SiliconInvestor All Stars Forum

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To: SouthFloridaGuy who wrote (1396)	9/20/2007 8:39:53 AM
From: Real Man	Read Replies (1) of 1718

Maybe, if they don't spark the dollar crisis. Caught the currency market by surprise after all the tough words, and it is not happy with this decision. Wanna live in Zimbabwe? Just kidding. Canadian dollar is hitting par, all currencies are record high, oil is record high, gold is record high. How about $10 coffie in a few months in London? -g- What good is $1 Million dollars if it only buys you a big Mac? Technically if the dollar breaks 78, then the next support is 72. No supports after that. I even doubt 72 will hold. The only thing that's going for these markets right now is the safety bid in treasuries. That too shall pass if foreigners who own 1/2 of all treasury paper start selling it. If they spark a dollar crisis by this action, you can count on extremely high 10-year and 30-year risk-free rates. The cut was very wrong, imho, and the dollar will drop now.

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