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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (77732)11/23/2007 10:04:00 AM
From: Real Man  Read Replies (1) | Respond to of 94695
 
Personally, I'd love that, but it made a new low instead,
again. A nice bounce from that low though. As long as the
Fed keeps cutting and the structural current account deficit
does not make any progress, the dollar will keep falling
despite all the bimbos in the World demanding Euros for
payment. The Fed can only change the fast falling trajectory
for the buck by raising rates, and raising them fast, and we
know they are not going to do that. Further cuts will take
more toll on the buck.