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Dollar Sobers Up Despite Fed PunchBowl
Time for US dollar to regain some composure, especially against the sterling, whose 2010 fortunes for the year appear dismal at best.
Be sure that when i start trading i will make good money as you can only learn with experience and learning all the time.
My call for gold to collapse is happening now along with support for current stock prices where many were forecasting otherwise.
Having said that we ALL makes mistakes believe me I see it all there time no matter how great and smart you may be. so i am not pretending to be george soros.
Ashraf
now that we have broken 1120 on S&P (currently 1123), what is your view on risk from here?
do you see the dow jones reaching 11k in the new year?
regards
just wait till Jan 9 for the next NFP if it is a "major" disappointment - USD will violently move down - the drop of nearly 1000 pips (in EURUSD) will be made up in half the time it has taken to go down. however if jobs start getting added - then USD might rally some more and then settle into a range for sometime - what that level will be I don't know - maybe EUR at 1.35 to 1.38.
just because the move to USD as a safe haven happened in the last equity crash, is no assurance it will happen again. but i am no expert - and if one is sure of a deeper dip next year and operates in a longer time horizon - then trade it.
esoteric economic theories are not tradeable to make money regularly.
ARE YOU SAYING THAT EURO GOT IN A SHORT SQUEEZE,
I mentioned we would not get any dip in stocks of more than 5% at Q4. stocks are the way forward in longer term and OUT of BONDS completely. In a rising interest rate cycle you do not want to bet on bonds. Interest rate rises will have some impact on stocks as remember they are competing with each other for return, however as the economy improves i cant see any major dips unless a geopolitical event arises.