Jim Rogers today on Power lunch.... That should drive the Euro dollar down another 1%.. The euro is getting Creamed today.
Like I talked about, and as a great example of Teresa's model. All this HyperInflation talk is a perfect example of how a top is formed, as all the schmoes jump into the Pool, and it's time to get out.
Now! I still want the spy to get into the resistance in the 90 range(900 on the spx) to see a heavy contraction. That could take till Monday for that correction.
BUT this feels like this could be a near term toppy move.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, November 26, 2008
Euro Fast Money Jim rogers
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DRR = Jim Rogers
I'm done for the day.
Winners
Long NU (T.Lo's list)
Long CNX (Barry's list)
Long GDP (Barry's list)
Long UYG (I couldn't pick a single bank.)
Loser
Short BRCM (My pick...stopped out.)
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