At the risk of sounding like David Teppen here, this dollar drop
tonight will result in a "heads bears win", "tails bulls lose"
scenario. Here's why: we are approximately making our way to
daily support tonight in dollar futures. If dollar bounces,
equities get smacked down, likely hard. If dollar doesn't
bounce...... it will likely accelerate downtown and things will get
ugly fast (market dislocations and an un-ravelling of bad
stuff). Just food for thought.
Dollar
Posted by cspirit on 13th of Oct 2010 at 10:23 pm
It's tanking again tonight below 77. See the Yen running wild ... There going to stick it to shortie Thursday on the stocks
With action in USD, bulls should be scared....
Posted by kalinm on 13th of Oct 2010 at 11:23 pm
At the risk of sounding like David Teppen here, this dollar drop tonight will result in a "heads bears win", "tails bulls lose" scenario. Here's why: we are approximately making our way to daily support tonight in dollar futures. If dollar bounces, equities get smacked down, likely hard. If dollar doesn't bounce...... it will likely accelerate downtown and things will get ugly fast (market dislocations and an un-ravelling of bad stuff). Just food for thought.
yeah should be interesting tomorrow
Posted by loveit on 13th of Oct 2010 at 10:36 pm
http://online.wsj.com/article/SB10001424052748703673604575550870686002294.html?ru=yahoo&mod=yahoo_hs