The dollar will drop; mark my words. If you believe the European printing presses are in the same league as our AMERICA3000 printing press bots, you are in for a rude awakening.
Looking at the dollar trade up is sort of like watching MNCS trade higher, back in the day. Some of you old FOWS vets know what I am talking about. It’s a temporary phenomenon, but ultimately, you know what will happen: dollar fuckery.
The Fed will not raise rates and our government will not cut back on spending. Our demands for fiat currency are much greater than anyone than anyone else (pardon the sudden tourettes episode), which is why it makes sense to bet against “le dollar,” with the tenacity of a hungry mountain lion trapped inside a room full of punk, teenage skateboarders.
Petroleo Brasileiro SA (ADR) [[PBR]] is worth a look down here, if you are interested in Brazil/oil. The stock has been punched in the face and has a history of outperforming other oils.
With my money, I am vexed by Masco Corporation [[MAS]] , and elated by TEKELEC [[TKLC]] . The good news for me: my TKLC position is 3x the size as my MAS. I will wait a few days on MAS, then look to average in. Additionally, I like the metals here, namely POSCO (ADR) [[PKX]] , Nucor Corporation [[NUE]] and United States Steel Corporation [[X]] .
UPDATE: I sold another 25% of my Cummins Inc. [[CMI]] position, north of $53.40
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My wife told me to title this post “Wait for it” and I said nah! Swear to god!
http://ibankcoin.com/henry_fool/2010/02/11/patience-patience-patience/
never listen to the wife 🙂
True
Solar rebounding. Watch TAN
Nice work on TKLC …
It’s treu.
It’s common knowledge that the European Central Bank still uses Gutenburg presses.
Just look at these dizzy fuggers!
Vaaahhht?? You vant HOW menny of dem Eurozzz??
____________
EXM anyone?
The Fly always wins!
I’m with you on this dollar reversal.
I saw that you are thinking of picking up some gold…. YOU, GOLD?!? What gives? Why not coffee, steel, and tech?
The dollar destruction is obviously going to happen, it is mathematically impossible for the dollar to regain its strength. However, I think your timing is wrong because of global uncertainty the dollar will keep its upward bias for a while or until the global issues are sorted out and then resume its decline. If what I think happens in Europe actually happens the dollar will hit highs not seen since the market turmoil. Long-term you are correct, but short-term I have to disagree.
You are a moron FIG
Have you issued a citation?
________
We are working on a warrant for his arrest. The new “retard czar” has made it much easier to operate over the internet.
We have a contender for round 2 of “Serial Killer or Child Molester”
developing…
I missed round one.
Can we have a review?
________
Anyone can play
Serial Killer or Child Molester? (note, his eyes are much beadier than my camera phone could capture)
http://tinyurl.com/SK0CM1
http://tinyurl.com/SKCMII
Guys
You need to understand what the fuck has gone here in terms of the Euro and it’s perception in the market. All through last year, other central bank schelps were buying euro faster than a gay dude giving blow jobs in a bath house, as they thought it was the end of the dollar. They sent the Euro at extreme valuations as a result of diversification. Morons. The Eurotrash countries are a sclerotic bunch of fucktoids and their economies are unable to adjust as easily as the relatively flexible US economy. Note I used the word “relatively” so any homo bear fuckers can’t take issue with that and start giving me lectures for the next week Devil-dog style.
The biggest problem I see now for the Euro is that while the Krauts and the frogs were holding out in bailing out the spics in Greece they were at least showing a semblance of reason and financial rectitude. In other words the strength of the Euro was at least perceived to lie with the stronger members of that shithole.
They’ve now crossed the Rubicon in that respect as the weakest members are basically forcing the stronger members to tow their line which means the Euro should no longer be thought of as a Deutsche-mark substitute, it should now be considered a cross between the Italian lira and the Greek Drachma. In other words the inmates have basically taken over the psyche ward and the EU is a mental ward of un-reason. It also means the ECB will have to flood the system with money in some way or another as the entire southern region of that shithole is sicker than California by double.
Funnily enough I see this as putting a decent bid into the stock markets of the two stronger members (France and Germany) as monetary ease or continuing ease will light up their markets. I bought a German fund today.
And Jake… The buck could still weaken over time against the index as the Asian currencies and Brazil take a bigger weighting. ( I’m thinking of you bro).
There were rumors in Asia today that the Chicoms will strengthen the Yuan and widen the intervention band.
I think they see that holding any other currency after they loaded up in Euros last year is a truly stupid move.
Hence, we should all buy Canadian Loonies 🙂