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Dollar Taking Reappointment Of Its Executioner In Stride
Oddly, the dollar has taken the news of its imminent demise well... too well, judging by the massive diarrhea occurring in commodity land. In the meantime 170/70s sure aren't having a nice day.
h/t dollar vigilante and momo alcoholic extraordinaire y2
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The king is dead!
LONG LIVE THE KING!
Apparently, the dollar has some growthyness.
The answer to my math question was -1.
why wouldn't the dollar go up...everything traded in the USA must increase in value...didn't you get that memo??
170/70's??
Long/short perhaps?
High Blood Pressure victims. Attending the ObamaCare rallies has not worked out well for them.
nice.
+1
News from BloomGreenShootsBerg on another big Dem supporter and Harvard grad 'Smartest in the room' type:
'Nemazee Is Arrested in $74 Million Citibank Fraud'
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRJzVy_8GrIM
First of all.., why hasn't that banker been arrested for stupidity.
No matter, they will all soon be pardoned for the sake of the DNC financial future.
Perhaps he is a former mortgage broker
circa 2006
Senate Dems Boast $38 Million Cash On Hand -- With Help From Press Shy Iranian American Businessman You've Never Heard Of
"Senate Dems have just announced that they hauled in $8.8 million in June. They have nearly $38 million in the bank.
Few people know this, but a key person who's helping Dems rake in all the bucks is a press-shy Iranian-American businessman named Hassan Nemazee."
http://tpmelectioncentral.talkingpointsmemo.com/2006/07/senate_dems_boas...
"Press-shy" Just priceless!
ahhhhhh hahahaha, the one , the true, ANONYMOUS....almost sounds like a greek god.
Well, that explains how the idiots at State nominated Maliki (Iranian sympathizer) to head up Iraq. I wonder how much money was funneled from Iran to Republican coffers for that one.
did the music just stop in this game of musical chairs ?
ascent over last decade has lowered the degree of separation between and the global economy
Crude Oil is one of the best shorts for the
next 6 month.
ERX if you can find the borrow.
Long the dollar, short everything else.
yip, the most crowded trade in the world? short the US dollar. When/if it rallies, good night commodities and stocks.
Or DUG if you cant find the borrow.
agree.
Amen to that.
I'm short USO & XLE.
Although I am really looking for the fire works in Russia. Once we tank, (Chinese having gotten "the ball rolling" so to speak) the Russian stock market is going to be a thing of beauty to watch as it implodes (3rd world, commodity based, criminal syndicate run, yada, yada, yada). Anyway, it should be a fun time to be had by all. Short RSX.
But by all means, lets bring Bernanke back....
SCO works for me...
What, have you been reading Groklaw again? I do. Just to keep up with the saga.
SCO is great.
Tried to get calls on SCO but my broker seemed to be having "difficulty". Really, great pick!
If I put on my "New Market" thinking cap, this is setting up perfectly for a drop in the dollar and a move to 1050 on the S&P 500. Oh yeah, throw in some $76 oil too. Ahh what the hell..... 118'115 or lower on the 30 yr.
The question is will it happen in between 1:00 and 3:30AM or 3:00-4:00PM.
The death throes enervate the body and initiate powerful spasmodic, muscular movements throughout the episode.
It is an episode, however, that is terrifically short compared to rigor mortis and putrefication.
EWWW! What is that goo on my hand? Did you accept US greenbacks? That goo is the rot and pustulence of 38 years of practiced self-harm and neglect. Smells nice doesn't it?
Shame you worshipped it so, as it has turned out to be a false staff upon which you depended.
The USD is the carry trade, the Monopoly Money for Hedge-Funds
and a good indicator for the deleverage trade. If the USD
starts to drop in line with commodities, we are in a very
deep sh..
Seems there was an article somewhere concerning the drop in the dollar in March of 2008. Added $30-40 to the price of crude oil because it took more worthless dollars to buy the same barrel of crude. The rest came from speculators who have no business being in the energy trading business.
The dollar drops, commodity prices rise.
momentum not yet following price intraday in making new lows ....
"The reports of my death are greatly exaggerated"
USD
bdi off 45% from its june highs
Iron spot below $100 -
Natty on its way to $0
Copper on its way to $1.50
somebody is going to need depends...
BDI off 45%! I'm gonna hire a ship and host monkey knife fights just outside the 200 mile limit. Red Bull, blow and satellite trade terminals included!
YES Are you my long lost brother??
count me in as an investor in that venue
i'd be a buyer
Alright, Toronto departure, September first. One stop in Montreal to get dirty Francophone strippers, poutine and Labatt Bleue and then its out to sea!
Where do you live, buddy? Half the strippers in Toronto are from Quebec - in fact, the best looking ones like coming to Ontario 'cause they make more money here. You can get good poutine at Poutini's (classic) or Caplansky's (with a smoked meat gravy), and Blue is from Ontario. All Montreal has to offer is corrupt politicians and better hockey and football teams.
Lol, actually half our strippers (if not all) in Ontario are from the former Soviet Union. I agree with the Blue comment, my undergrad degree was from that beer's hometown!
Maybe we'll get some St. Ambroise!
Wow. And China is sitting on a heap of dollars. Bet you can buy a lot of resources with that dollar stockpile and use in your manufacturing sector. Now, if there were only someone to buy the China goods.
Hmmm... which should help strengthen China if the dollar continues to rise and commodities happen to become cheaper.
I smell a global conspiracy... of fools.
DXY is negative now. Pump is on the way! (Wasn't that Kerry's campaign slogan?)
Canada's Council Member Timothy Lane has some interesting
the proxy for it, UUP, has intermediate support at the -1SD 20 BB; there might be a bounce here.
I'm impressed. Usually we only see the USD mentioned on negative performance around here. Welcome change.
Me too ... Go USD