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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (509)	7/23/2007 11:51:44 AM
From: Real Man	Read Replies (1) \| Respond to of 71454

Picking tops, eh? A difficult task, imho. The only reason why I don't trust any move higher at the moment is the Fed's lack of desire to print, and the market's need for it, as demonstrated by the ratio of submitted/accepted bids for the daily repos. Sure, sec lending is high (that's probably the only reason why stocks refuse to decline), but that's overnight as well. This new behavior of the Fed could be, after all, related to where the dollar is. The latest huge move in the stock market seems to be related to the Fed's monetarization back in mid/late April. That money has run out now, and there is plenty of viporization of debt going on. If they repeat April now, we'll probably move 1000 DOW points higher, but what will happen to the dollar, and the foreigners holding it at the moment?