There is a strange kind of gloomy joy in the markets lately.
EVERYTHING IS GOING UP EXCEPT THE DOLLAR.
GOLD SOARED TODAY. STOCKS TOO. AND OIL!
Only the lowly dollar was down. But, what will happen if or when the
dollar finally crosses 130 on the Euro? 140? 150?
What will oil be going for then?
THE POINT IS THAT THE ECONOMY HAS PEAKED TOO SOON FOR DUBYA TO TAKE
ADVANTAGE OF IT DURING THE COMING ELECTION.
AND TWO DOLLAR GAS IS A BARRIER THAT MUST NOT BE CROSSED IF DUBYA IS TO HAVE ANY CHANCES OF RE-ELECTION.
Indeed, the dollar can fall to 150 Euro and mom and pop won't care,
but if gas hits $2.00 all HELL will break loose.
THERE IS SOMETHING VERY STRANGE AFOOT ON WALL STREET LATELY.
I WOULD CALL THEM THE: DEVALUATION RALLIES!
AND, THAT SEEMS A PERFECT DESCRIPTION OF TODAY'S ACTION.
http://ap.tbo.com/ap/breaking/MGAJ4ECJSQD.html
