Sean Maher

Resurgent Dollar Leaves Gold in the Dust

BrunoT, I suggest you read my posting from 28 August, and those all through September and October...you will find I made clear and urgent warnings of an imminent equity crash in very good time based on severe credit market deterioration evident from late August, but retained a positive dollar view throughout. I'll hold my track record up against anybody's over the last year...including your palm reader.


On Mar 08 03:43 PM BrunoT wrote:

> On Aug 5, 2008 Sean Maher wrote:
>
> "it's now a good bet that on a 12m view, inflation concerns will
> have abated, the dollar will be in a surprisingly strong uptrend,
> and US equities will be materially higher from here."
>
> Beware of those dispensing readings of the future for money. They're
> not much more reliable than palm readers. And like psychics, they
> never seem as proud of crowing about their abject failures as they
> do about the twice a day the stuck clock is correct.
>
> Does about half sound like being "materially higher" to you?

What's Behind the Slide in Oil and Commodities?

A nice summary of tumultuous events; both the decision to engage the Iranians and ban naked shorting in many financials (soon to be extended to the rest of the market I suspect) probably reflect the growing role of Hank Paulson in managing this crisis and were perfectly timed for maximum impact; the Fed is pretty much out of ammunition (just look at their balance sheet) and more muscular market intervention is now required. Goldman Sachs has taken over the US government, and it's no bad thing...