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

"Sell down to your sleeping point"

Friday, July 31, 2009

Weak Dollar

I've been suspect of the Weak Dollar MEME that has been going around.


but something that has me this morning is that we have Dollar down Equities down.

I'm not.....

I wold expect that some of the MEME would play out.... even though I don't find the argument....segnificant.

I just would have expected more bounce out of the dollar, as those that have been Short Dollars and Long Equities roll out.....

now...... Maybe it just says that Nobody is trading "Sell the dollar" " Long SPX"...

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