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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (40818)8/7/2011 4:01:28 PM
From: ggersh  Read Replies (1) of 71479
 
DEFCON 1

Dollar Tumbling To Record Low Against Swiss Franc, New Lows Against YenSubmitted by Tyler Durden on 08/07/2011 - 15:24 Capital Markets Swiss Franc Yen

For an early look at the risk aversion gripping the market look no further than the USDCHF and the USDJPY, the first of which just took out 0.75, and the second now almost at BOJ intervention levels. Ironically, since the math Ph.D.s have still not recalibrated their models, it is very likely that the collapse in the dollar will lead to an explosion in ES courtesy of the inverse correlation, which will once and for all confirm that global capital markets and now nothing but a robotic circus.
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