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Goldman Deserved A Bailout, US Dollar, Not So Much
Blast from the future: this will be today's 4:01 pm headline.
"Zero Hedge (4:01 PM) - Another day in which the market was driven by the ongoing dollar cataclysm, the EUR-JPY carry trade, and some speculation on what gold will do. Also, another day in which stock direction was absolutely not based on fundamentals, and momos gunned every move higher on micro volume and every reversal was meet with a huge volume ramp."
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Do you offer palm reading services as well?
Hilarious!
test
So does this mean that the momo trade ramps even higher now that everyone is back from vacation?
I'm new to this and need to know what a momo is. now looks like an appropriate time to ask
momo = momentum
momo quant = motard = mo money
TraderMark... useful posts even when not on fmmf.
DXY just broke through the low on this chart. Pathetic. Anything to try to pump the futures.
Also, oil has jumped another dollar in the last hour. Up over 4%. This is unsustainable...
Sure, but who knows when the prop traders will run out of suckers and shorts without the balls and capital to resist the pressure to cover? That, my dear, is the question.
great opportunity to add to my short postion this a.m.
i'm patient.
Sounds like a good strategy. There's not much more give in the DXY before it has to bounce again. Markets will fall in response.
I just buy and sell stocks, no options. Seeing gold, DXY, and the markets at their respective levels throws up a red flag for me. As such, I will probably wait for tomorrow to see how this shakes out.
The USD is officially a POS. Keep printing Ben, there will be no consequences in Interest Rates. They will stay low while the USD tanks, but that is the "sweet spot" right?
RIP USD, we hardly knew ye
If you actually do post that as the closing story it will be hillarious.
What's all this complaining about the USD weakness about?
Don't you people know that a currency devaluation is an excellent tool for getting out of a recession. US products are getting "cheaper" for people abroad so it's stimulating the US economy.
If this USD weakness is "engineered" as I expect it is, I think it's very well done.
Dollar just made new lows for the day on a sharp selloff. The market? Right around the highs of the day, of course.
#62170
What is it other then debt that countries buy from us?
We as a nation produce nothing ;-)
While it is true that cheaper currency makes for better export,the only problem is what is left in the us to xport?there is virtually no production to speak off here. Unless you are talking about the porno industry. So in the end,hyperinflation will knock at the doors,and then you neither can export nor import....
My thoughts and planned comment exactly #62170, exactly what products do we actually make? The newest version of MS Windows? Please. In addition to being a piece of crap, the rest of the world can say, "we'll take one" and copy the heck out of that sucker.
What about cars (oke, not so great example lately), agricultural products (wheat, beans, corn etc.)?
Does anybody know how much exports contribute to the national income of the US?
From the US economy wiki:
"USA is the leading manufacturer in the world with a 2007 industrial output of US$2,696,880 millions. Main industries are petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining."
and ...
"The United States is the most significant nation in the world when it comes to international trade. For decades, it has led the world in imports while simultaneously remaining one of the top three exporters of the world."
See: http://en.wikipedia.org/wiki/Economy_of_the_United_States