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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (3592)1/23/2008 10:19:38 PM
From: TH  Read Replies (2) of 71456
 
Vi,

Poor Jim, he don't get no love!

I think the cards are already played, and irrespective of what the market does over the next week, it is going to be a 1/4. Ben has to preserve some credibility and the pundits are already saying he is focused on the market and not the economy.

1/4 is perfect. The street can scream like a two year old and the Fed can say they gave a full point, and they will give more IF it is needed. Two or three bad days will pass and confidence is improved.

And POG gets wacked. Maybe the dollar does not set a new low (and why would it when a 3/4 cut moves it less than .5%).

Good Trading
TH
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