George Jurgensen 01

Bust, Bail, Repeat: The U.S. Enters into an Ever-Worsening Cycle

You said "There may be euro weakness or NZD weakness or even yen weakness. But not dollar strength. Not now and, if ever again, surely not for a very long time." I couldn't agree more


On Jul 24 10:01 AM bearfund wrote:

> There's only one thing really wrong with your arguments: the notion
> that the dollar is, or has been, strengthening. In fact the dollar
> index has been in a fairly narrow trading range for months (71-74)
> and remains there today. Relative to the 7 sizable downlegs that
> brought the dollar from 88 to 74 over the past 2 years and change,
> there has been no appreciable movement in either direction since
> the last big drop in February-March.
>
> Everyone talks about "dollar strength" but all we've really had is
> yet another bounce off 71, something we've seen many times already.
> Technically, I see nothing to get excited about until there is a
> convincing break above 74. Fundamentally, I share your view completely.
> There is no dollar strength. There may be euro weakness or NZD weakness
> or even yen weakness. But not dollar strength. Not now and, if
> ever again, surely not for a very long time.