Poof! Your bullshit dollar rally is gone.
-Merlin
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Joined Nov 10, 2007
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Dollar-tool??? Or just a tool???
Debo: (Produces firearm.)
Debo: “Open the fucking safe!”
Male Victim #1: (Reluctantly opens safe, revealing a modest cache of U.S. dollars siting atop voided bearer bonds.)
Debo: “Dollas? FUCK.”
Debo: (Discharges firearm indiscriminately.)
http://ibankcoin.com/henry_fool/2010/02/10/count-me-in-as-a-dollar-bear-too/
EU cycle of bailout? EU been bailing out since 1989.
Fly,
I can always count on you for a late-night laugh
when I can’t sleep.
Thanks.
Your timing needs work.
Gee, that dollar rally seems to be back on again this morning…
The root cause of last year’s dollar weakness was our domestic bailouts… Do you seriously think that the same thing won’t happen to the Euro, as the EU begins its own cycle of bailouts? Unless the stronger EU countries send the PIIGs back to the farm, they’re headed for a Euro in the $1.20s.
But prior to the financial meltdown (and ensuing bailouts) our currency was already in the shitter. It was more than 2:1 against the Pound in 2H 2007. Hasn’t gotten anywhere close to that weak since then. Same deal with the Euro with slightly different timeframes.
Re. the pound, it’s because this crisis has demonstrated that they’re in much worse shape than we are. Re. the Euro, when the market hit its all-time high in October 2007, the Euro was in the $1.40s.
Q2 2008 the Euro was 1.55 – 1.60.
Do you challenge the relative speed of our printing presses, sir?
Because, I can assure you, they are quick as all get out.
__
I’m saying that it’s probably a race to the bottom, and right now the EU is taking the lead (when in fact, ironically, Japan should be the worst of the three and yet it’s not).
I am lowering my short ETF positions here. Just as protection for the bullshit rally that will most likely ensue at 8:30. Today should be an up day, but it won’t change the downtrend. The number I am looking at is 1100 S&P.
Poof the dollar rally is back
http://www.youtube.com/watch?v=KRdaI3AXljw&feature=related
look I don’t know about you guys but I’m shorting the euro on every rally against the aussie or the US dollar.
The Euro is a clapped out piece of shit. The other currency that is potentially worse long term is the Yen.
I hate the Dollar, but I hate the Euro and the yen even more.
LMFAO!!!!!!!!!!
You’re so terrible Fly.
Dollar is best of a sick lot…. now, Spain, on the other hand…. ROFL!
So much for my call for an up day. Oh well, my medium term view is still intact, and I lowered my risk level. I am going to pick up some SHLD short if available over the next week.
TKLC…Fly is Merlin.