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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (21920)	11/17/2004 1:15:01 PM
From: Carlos Blanco	Respond to of 110194

but is sentiment in the dollar ewally that stretched compared to where it SHOULD be? the dollar might after all be worth nada exactamente! extremes are relative. if there are plenty of players currently on the sidelines who can be enticed to steadily join the selling game (a likely possibility given the excess of dollars held worldwide), then you can get more and more extreme for a loooong time. it all seemed relentless and extreme on the way up, and it will likely seem relentless and extreme on the way down.