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Monday, August 24, 2009

They saved the world...

I enjoy every bit of magazine covers, newspapers, or anything in the media that helps me make my stand on a contrary view...

In March I said most likely once Bernanke and Obama said they saved the world the top of P2 was most likely very near...

Well, look no more...



And then there are so much pessimism regarding the US Dollar that it has no where to go but up... what could be more pessimist to the dollar than this? We still need to get above 79 to confirm a bottom was made, but even if it wasn't made 2 weeks ago is not far away...probably 74-75 max...



This is a free portuguese newspaper, and says something like "a new world reserve currency is needed in order to replace the dollar..."

Bottom should be near if not made already...
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