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Riding the Euro/Dollar Rollercoaster, For Now

haha, funny...and you're probably right.


On Feb 19 09:40 AM Steve in Greensboro wrote:

> "...This will probably coincide with better sentiment hitting the
> market as the U.S. government gets its head out of its butt and does
> something finally with the banks and stimulus package...."
>
> The U.S. government extracting its head (before the 2010 elections)
> will also coincide will hell freezing over.

Riding the Euro/Dollar Rollercoaster, For Now

Yeah, the yen is losing its luster quickly. Gold has broken out of a downtrend recently and it won't be long before it takes out new all time highs. This may also eventually catch up to the dollar and act as "ankle weights" around it. The dollar index is one to watch...appears to be double topping right now..but too early to say for sure.

Meanwhile USD/JPY is rallying hard.

Thanks for the comments.


On Feb 19 06:45 AM morph366 wrote:

> The Japanese yen is falling out of the safe haven matrix - during
> Tuesday's sell-off we had the unusual spectacle of a rising dollar,
> buoyant gold and a flight to long term Treasuries. In the longer
> term, being long all three asset classes is an unsustainable play
> but in the short term it captures the fact that many, especially
> in Asia and the Middle East are seeking out what they consider to
> be the best places to hide out while the seismic rumblings continue.