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A Currency Bounce
Contrarian Profits (October 29th, 2008) Writes:
U.S. stocks soar! Currencies rally! Consumer Confidence at an all-time low! Getting off the bench! And Now… Today’s Pfennig!
Well… The trading theme remained in place yesterday, but this time it was reversed. For those of you new to class, or any of you who have been playing horse hooky, the trading theme that has gripped the markets since August is: The deeper, darker, and more dangerous the U.S. economy and financial meltdown, including the credit market’s locked status, the dollar gets bought… If there is any sign of light to all this mess, the dollar gets sold, for whenever the markets get their minds off the mess, they are reminded of awful fundamentals for the dollar.
So…
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Al Greenspan, Austin Powers, Big Al, Bill Fleckenstein, bloomberg, BRL, Canada, China, citgroup, contrarian profits, Denver, DKK, Dow 30, EUR, fed-funds, Federal Reserve System, Freddie Krueger, Gbp, Halloween, HKD, HUF, INR, Jpy, Koruna, Market Commentary, Mexico, Norges Bank, North American Union of the U.S., Norway, Peso, PLZ, S&P, SEK, THB, The Bank of Japan, United States, USD, ZAR
Al Greenspan, Austin Powers, Big Al, Bill Fleckenstein, bloomberg, BRL, Canada, China, citgroup, contrarian profits, Denver, DKK, Dow 30, EUR, fed-funds, Federal Reserve System, Freddie Krueger, Gbp, Halloween, HKD, HUF, INR, Jpy, Koruna, Market Commentary, Mexico, Norges Bank, North American Union of the U.S., Norway, Peso, PLZ, S&P, SEK, THB, The Bank of Japan, United States, USD, ZAR
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