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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: westpacific9/22/2009 3:36:33 PM
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Weak dollar is holding this market up, gonna get interesting as the weekly chart has gone full blown bullish in past week.

The FED is pressuring the dollar down to keep this rally alive; why do you think they are offering up so much newly printed funny money this week in the note auctions.

They do not want a rally in the dollar. Dollar down stocks stay levitated...

The problem is they only have 10M left to buy notes; so do they risk offering up too many and having an auction failure once this week is over?

This is interesting as well as T notes falling put pressure on markets...

..China is likely to begin posting current-account
and trade deficits much faster than expected, and this could spell bad news for U.S. Treasurys, according to a top Asia economist..

West
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