Cramer's Mad Money -Two Brazilian Power Plays (8/3/09) [View article]
I think a potential run up to dow 9500-10k may be in the cards, then back down to 7500-8000. But also keep in mind the USD IDX has dropped from 87 to 78 or a bit over 10% this year. The USD IDX will definitely take out the lows from a year ago march- I mean we have more than doubled the monetary base, announced record deficit spending, spent nearly 15 trillion on all the bailouts when all is said and done, fed has bought / in the process of buying 1.8 trillion in government paper, which even optimistically speaking may sell for 50 cents on the dollar in the free market. No one will want to touch most of those MBS's. I guess I;m trying to say is that it is very possible for the DOW to continue to rise because the dollar could fall faster. There is a very real possibility that the dollar index will drop to the 60's by the end of this year and the 50's or 40's the 2-4 years after that.
Cramer's Mad Money -Two Brazilian Power Plays (8/3/09) [View article]
I guess I;m trying to say is that it is very possible for the DOW to continue to rise because the dollar could fall faster. There is a very real possibility that the dollar index will drop to the 60's by the end of this year and the 50's or 40's the 2-4 years after that.