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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (8928)3/12/2008 10:33:46 AM
From: Hawkmoon  Respond to of 33421
 
Dollar rallies for a few days, then the smart money goes back to work selling it.....bwdik

I guess that's the point I'm really trying to make.. Will "smart money" really be foolish enough to fight a coordinated effort by global central banks?

Some would have said the same thing about "smart money" back in the late '90s when the Euro was on the ropes..

Hawk



To: Stoctrash who wrote (8928)3/12/2008 10:36:11 PM
From: Hawkmoon  Read Replies (1) | Respond to of 33421
 
cnbc.com

And "Mr. Yen" says Yen will break 100 and probably settle in at "fair value" of between 90-100:

cnbc.com

He claimed that Japanese companies can be competitive with the Yen at that level.. Hmmm... Japanese Nikkei says otherwise..

Hawk



To: Stoctrash who wrote (8928)3/14/2008 8:25:11 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
doctor de trash.... well we spent years waiting for gold to make the trip back to 1000. we should get points for the bonus round!

and as Dennis Gartman points out that our tax receipts have fallen off of the table the past 2 months..... thus the negative growth environment we are in.


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