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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (281796)10/7/2010 10:13:43 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
Problem is, our currency-joined-at-the-hip buddies the Chinese are happy with a lower dollar (and therefore Yuan). Helps 'em sell to the Japs and the Euros, and doesn't hurt them viz-a-viz Merka. The Japs will likely re-intervene, but likely at a point technically where it makes sense. Like FXY 71. Not here. Maybe they'll try to rev up their printers with QE-macrochaotic precision. But they will never outprint Ben, he is the jeddi-master of currency trashing!

So yes, the dollar will bounce, but not "here" and not now. I'll be a dollar buyer and gold hedger ( a little anyway) at a lower dollar price....



To: Lazarus who wrote (281796)10/8/2010 1:18:45 AM
From: tejekRead Replies (1) | Respond to of 306849
 
ONE = THE S&P is going higher

I am only concerned with what direction the S&P is going. The dollar will do what the dollar will do. I don't speculate on currencies. Four months ago, the Euro was supposed to go below a dollar after it cracked $1.18. Today its at $1.40.


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