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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (1929)3/13/2004 12:39:58 AM
From: mishedlo  Respond to of 116555
 
switched keyboards with my other computer.

Mish



To: mishedlo who wrote (1929)3/13/2004 10:12:05 AM
From: gregor_us  Read Replies (1) | Respond to of 116555
 
Mish: I Finally Got a Taxable Account so That I Can Trade

Options and Futures. (I went with Interactive Brokers). It's going to be some time yet before I complete my "self-education, and bite off some futures contracts.

I actually took my eye off gold this week. My lens is filled with BOJ activity as their Fiscal Year comes to a close. JWCB remarked that traditional fiscal year end BOJ activity in the USD/YEN typically quiets down right around this time--not waiting for 31 MAR. But I note that all the TA guys and smart observers agree the dollar strength has got more to go--presumeably right past 31 MAR 2004.

Very hard for me to see betting against them. Agreed.

That said, I agree with the foul-mouthed LA Hedgie who says after the dollar bears get wiped out, the dollar will wipe out the bulls later this year/Summer.

Lots of great stuff in Barrons on bonds today. I have my eye on the iShare TLT.

Cheers,

LP



To: mishedlo who wrote (1929)3/13/2004 12:48:11 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 116555
 
US$ resumes downward course AS SOON AS ECB cuts rates
as with the Fed, talk is more powerful than action
they can talk and talk repeatedly, with no change in rates
when they cut, they use ammunition which can not be used again

then comes the powerful USDollar decline resumption

you have been talking about an ECB cut for two months
while I respect the call, soon they either fish or cut bait
soon the call for a cut will lose its credibility
by then, the DXY will be at its next moving average trending down hard

/ jim