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Intraday Attempt At Dollar Strength Soundly Denied
Just as someone poked their head out of their shell, and started accumulating dollars, they got soundly denied: whether it had to do with the SPY about to test the VWAP resistance or other "structural market support" issues, is unknown... The inability to follow through on attempted dollar strength was reflected immediately in the equity market. And still some naive investors think that fundmanetals matter.
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it's obvious. all one has to do it watch the correlation, and trade accordingly. no brain required, which is good for me.
HA! No soup for you!!!!
We can't take it anymore. But what choice do we have?
Buy physical gold (avoid GLD and other paper 'promises')).
You don't honestly think Banana Ben is going to let the USD off the hook, do you?
I want IN on some dollar assets, baby!
NY Post article today. Looks like Crudele's article is catching traction with congress and someone is looking at the Paulson/WS relationship!
I am hearing that the House Financial Services Committee is going to ask for the phone and schedule logs of former Treasury Secretary Hank Paulson -- without the redactions that were contained in the version given to me.
Redactions, in case you don't speak legalese, are black boxes that censors put over stuff they don't want nosey reporters like me to see.
This editing technique -- which makes a document look like a Rorschach ink blotch test -- is supposed to be used for personal matters only. But who really knows what's under the ink stains?
Since Treasury wasn't shy about letting me know Paulson spoke regularly with dozens of Wall Street executives, especially with Lloyd Blankfein, the head of Goldman Sachs, we are all very curious about the calls the government didn't want us to see.
I've suggested that Congress also get the phone records of Tim Geithner when he was head of the New York Federal Reserve Bank. The NY Fed turned over a very truncated version of Geithner's official schedule and phone calls to me.
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we might as well start changing our paper money in for pennies, at least the metals therein have some intrinsic value...
Already did...7300 of the so far...lol
The dollar, ratings, all this stuff is intertwined. Can someone please tell me how the largest debtor nation can still have a Aaa-rating?
You have my permission to use fundamentals.
Nick Carn's new book The Credit Crunch Diaries is AAA rated by all agencies!
geopol, let me try to answer...
The rating agencies are scared shitless. Think about the credit default swaps, if moody's downgraded AIG when it should have, all hell would have broken loose, no?
Some 'un playin' post turtle with the dollar?
Won't get up thar alone, doesn't have legs to climb off, and only gravity is his friend.
http://jcrue.files.wordpress.com/2009/05/postturtle.jpg
Fundamentals? Cwamer said they don't matter unless you're buying one of his junk stocks.
Todays market action demands another post by Robo for sure!