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

To: ggersh who wrote (24918)	11/26/2009 8:08:49 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 71442

Yes I took out old trading diaries circa August 2007, when the kind of moves were the same (with the $ falling under 115), with soft dollars getting killed and the yen doing the first jump. Looking what could be in store with these kind of charts. Currently there is a hard to break selling in the yen, but its a cloudy move towards a "hammer" point - if it does go there it could reverse. Bonds are not a safety vehicle because of their inherent risks. But they prop them for the end of year, I believe. This requires to make people selling stock and buying bonds. Rising stock volatility can achieve that. But I am sure, in a couple of days we will hear about the "real" story behind this break. Dubai is too small a country (but I could be wrong). Oddly enough also Oil gave up some. Here, the Hypo-Alpe bank, a regional bank grown into a big financier, a la CIT (about 37B Euros) is in deep trouble, and their majority owners, the Bavarians do not want to pay up. It could fail in the next few days. There is public outrage against another governmental aid package and people demand seizure of the bank.