Wednesday, October 21, 2009

Dollar getting beat up again

This is scaring me. At some point the general stock market may get concerned about a currency crisis. But until then dollar down stocks up!


  1. i think the rally is nearing an end, but it's hard to jump in front of the freight train and get aggressively short. but it feels like these pushes up are getting harder for the bulls to sustain. maybe we hit S&P 1120 for the chart peeps to be happy, but i think we are running out of steam... that said at the end of rallies there is often an aggressive blow off move to the upside that is then slammed down. so be wary for that action... but i know many are looking for that!

    my hand is on the trigger to add some short exposure - biggest risk in my eyes is does the dollar continue to jump get hammered and allow nominal stock prices to rise - that is the major risk I see in shorting now.

  2. great timing on the shorts for me... gives me some "room for comfort" as these trades all were immediately profitable. my stops go above today's highs...

  3. so we gor marginal new highs in all the major indexes today followed by a nasty reversal on huge volume. this could signal a trend change...if we get confirmation tomorrow many will sell/jump on the short wagon...

    i got heavily short at 3pm today...

  4. another item that could become big is the Galleon and hedge fund story

    this insider shit is real and the tentacles could reach pretty wide and that could mean a lot of forced selling...


None of my content is a recommendation to buy or sell any securities.

Please do your own research or consult an advisor before making any investments.