Subscribe Now

Subscribe in a reader

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...
at 4:20 PM Posted by Salvador
Subscribe to: Post Comments (Atom)

Live Economic Calendar Powered by the Forex Trading Portal Forexpros.com
Disclaimer: The information provided on this website, while timely, colorful, and accurate, is not to be taken as financial, legal, tax, psychological or any type of advise. The purpose of this website is to track the progressions of human herd psychology as it is reflected through several financial markets. Any commentary on this page, however useful it may be, is used for illustration, and to inspire thought provoking discussion, and not to be taken as specific trade recommendations. We are not endorsing any site or service, nor are we promoting choice examples as real-life trades. If it sounds sarcastic, it probably is and if it offends you, just don't read it. There are tremendous inherent risks in attempting to trade any market using any vehicle, particularly if it is leverage. Please contact your broker to explain all risks involved in the vehicle you will be trading and any questions you may have.

Back to TOP