Edited by nimblebear, 07 September 2007 - 09:47 PM.
Dollar, Gold, and rational exuberance
Started by
nimblebear
, Sep 07 2007 09:44 PM
1 reply to this topic
#1
Posted 07 September 2007 - 09:44 PM
Wow, Finally things are making sense.
Dollar broke below 80 - FINALLY - despite the Bernanke puts, which is where it should be given the debt we have, etc, etc.
Gold - Back above $700 -makes sense. Up when market is down. Makes sense. Very rational.
Gold stocks holding up in down market - wow this is a first. Should this continue, maybe it will be sort of a safe haven. I'm not counting on that.
So things are rational. So rational, that they are approaching exuberance !
Also,
Subprime is getting gutted - and so are the slime b=rokers who peddled doc free loans.
Hedgies are starting to blow up. Too many and no transparency.
Korea agrees to no nukes.
again, stop it ! This is making too much sense ! --- have a good weekend folks. We at least have a few more left before we really start to have to worry about derivatives blowing up.
OTIS.
#2
Posted 08 September 2007 - 02:53 AM
What is this so called bernanke put?
It is dollar negative, no positive IMO.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.