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


To: Real Man who wrote (13412)10/24/2008 4:49:42 AM
From: rubbersoul  Read Replies (1) | Respond to of 71456
 
Got a prediction for the DOW tomorrow? Futures are down 500.

Do you think the Fed may intervene?



To: Real Man who wrote (13412)10/24/2008 5:11:35 AM
From: RockyBalboa  Respond to of 71456
 
What a massacre... EUR 1.25 GBP 1.54. And then Yen. And I still have some dollars! But otherwise, it looks bleak. Looks like I overpaid 50% for the GDX. Dumb me.

I don´t know whether this is derivative meltdown. To me it looks like undoing of the 2005 - 2007 bubbles. Currencies simply realign, Oil goes back where it belongs to. And stocks, well, stocks are the dead meat thrown in between.



To: Real Man who wrote (13412)10/24/2008 6:16:57 AM
From: ggersh  Respond to of 71456
 
This is it!!! Not enough Dollars in the world to cover Derivative Meltdown....Roubini could be right as early as Monday, about Market closing....

I'm upping election being canceled to 75%, if market shuts down I go to 90%....<ng>