The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (1557)	10/17/2007 9:33:05 PM
From: Real Man	Read Replies (3) of 71456

We'll see. I see a potential trading setup for a significant dollar bounce into the low 80-s and a significant stock, oil, and gold dump. Everyone (the bulls and the bears) are loaded on Ben's Weimar run, while the ABX indexes (subprime) are making new lows, and BKX index (banks) is not looking good at all. Were the Fed's cuts just for the heck of it, and did they work their magic in 2 months? We may see shortly. Maybe that's completely wrong, I don't know, as there are few real reasons to be bullish on the dollar, except that everyone and their mother have already shorted it, one way or another. Possibly another run to new highs for stocks, as the dollar is still dropping, but these markets are never a 1-way street. Recession is a possibility soon. The dollar should not stay up, but it might have a bigger bounce. Yen will then outperform on the upside.

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