a believer

Forget About a V-Shaped Recovery. Maybe a W. Or L. And What About $?

I'm neither bullish nor bearish on the dollar, I just don't think Friday's news justifies taking a big long or short $$ position. With the current volatility you can get wiped out, so it is not worth the risk.

Forget About a V-Shaped Recovery. Maybe a W. Or L. And What About $?

bearfund: "The dollar is going over a cliff; short it now if you haven't already. Other paper may follow at slightly lower speed."

I just don't see it.
You are presuming that other currencies/gold are now all-of-a sudden healthier because of what happened Friday. Really? I thought other central banks were pitching in to prop up the banks too. Buy gold? Yes gold has a short term up-trend, but it is still near its all-time high and has a long way to fall. I wouldn't be placing any big bets in this market.


andyn "The US is becoming a socialist state..."

No more than ususal. The government must intervene when faced with a run on the banks. Massive government intervention with taxpayer $$ to prevent a run on the banks has little-to-no effect on the level of US socialism.

When I look at the 8-year IWM chart and current P.E.s, I have to believe stocks have alot further to fall before any sustained rally.

Nothing has really changed, most stocks are down on the week, and cash is still king.