Four charts cast a skeptical light on the Status Quo "stories" of endlessly rising equities and the doomed dollar.
http://charleshughsm.....28oftwominds)
Status Quo.....
Started by
robo
, Jul 22 2011 07:06 PM
2 replies to this topic
#1
robo
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Posted 22 July 2011 - 07:06 PM
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
#2
redfoliage2
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Posted 23 July 2011 - 01:31 PM
There is no way USD is capable of mounting a susdainable rally. Yes, it bounced a little recently due to Euro debt stuff, but once the US debt limited is lifted, USD will return all of the recent gains and maybe more. It's not insane to expect new lows in USD in the next few months. Just look at GOLD.............Four charts cast a skeptical light on the Status Quo "stories" of endlessly rising equities and the doomed dollar.
http://charleshughsm.....28oftwominds)
Edited by redfoliage2, 23 July 2011 - 01:38 PM.
#3
robo
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Posted 23 July 2011 - 07:05 PM
There is no way USD is capable of mounting a susdainable rally. Yes, it bounced a little recently due to Euro debt stuff, but once the US debt limited is lifted, USD will return all of the recent gains and maybe more. It's not insane to expect new lows in USD in the next few months. Just look at GOLD.............Four charts cast a skeptical light on the Status Quo "stories" of endlessly rising equities and the doomed dollar.
http://charleshughsm.....28oftwominds)
Red,
You could be correct - we shall see.
Current position - shorting the QQQ's....
http://etfstocks.typepad.com/
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
