Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: microhoogle! who wrote (5672)	5/11/2010 9:25:43 AM
From: Rarebird	Respond to of 26251

The Dollar is in a Bull Market. To maximize profit, that's all one needs to know as accumulate on dips is the proper action. The new quantitative easing program announced by European ministers late on Sunday was pure "shock and awe" - it even caused the Euro to rally initially as short sellers took profits. But, that was illogical, to say the least. Printing euros and buying what are bound to be orphaned bonds surely destined to be abandoned by their issuing sovereignties simply dilutes the value of the euro, so the minor bounce in the downtrend ran its course Monday and the larger trend returned by the close. The euro has reached its "Point of Recognition" when the herd realizes that it is heading for parity with the dollar. Chances are that the Europeans will be spending some money trying to slow the decline, but they are fighting a losing battle and probably won't waste all their ammunition on the futility of the task. Bottom Line: 1 Trillion just isn't enough.