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 (17725)	2/17/2009 5:31:35 PM
From: RockyBalboa	Read Replies (1) of 71456

Yes, few days ago Lloyd clearly tanked things and that stopped the pound in its tracks as well as the other banks recovery; but todays CPI was a surprise. It could be a fluke or it could be a means to communicate the end of rate cutting in UK. Because: they reached their inflation target. But currently all eyes are on the demise of the EUR with many continental European banks practically insolvent and no concept how to support in the EU. Bank stocks completely died today and so did the currency... The funniest trading was Sirius today. I rarely shorted such a massive amount of penny stock and later bought some. GM coming up with something meaningful?? stock still heavy on offer. It seems that the market is not giving any stock the "benefit of the doubt". Doubt is more an ever growing liability. The only thing I currently see is a setup in the JPY. It completed its rallye and as we supposed earlier the worse economic news helped it further down. It also hardly rose when stocks went down; a feature we saw for several months before. With no catalyst Y 100 is much more likely now. It could pull an EUR, perhaps.

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