WITH THE STREET EXPECTING THE FED TO CONTINUE TRASHING THE DOLLAR....THE QUESTION HAS TO BE: HOW LOW CAN THE DOLLAR GO?
I WOULD SAY 200 ON THE EURO IS DOABLE...AND ABOUT RIGHT.
THE US ECONOMY IS A MACROECONOMIC BASKET CASE... THERE IS ABSOLUTELY NOTHING HOLDING IT UP...EXCEPT THE IGNORANCE OF FOREIGNERS ABOUT HOW BAD THINGS REALLY ARE...
BUT THEN THE FOREIGNERS ARE PROBABLY GETTING THEIR INFORMATION FROM THE WALL STREET/WASHINGTON BIG LIE MACHINE...
THE STREET IS DESPERATELY GOING TO TRY TO PROTECT IT'S "BONUSES" IN DECEMBER....NO MATTER HOW BAD THINGS GET... AND THEY WILL GET BAD.
BUT THE HEADLINE NUMBER WILL ALWAYS BE: FED TO THE RESCUE....!
NOT OF THE DOLLAR....NOT OF THE AMERICAN WORKER...NOT OF THE REAL ECONOMY!
BUT...TO THE RESCUE OF THE SPECULATING CLASSES AND INTERNATIONAL CAPITAL ON WALL STREET...!
OF COURSE THE PROBLEM IS THAT IT'S ALL A LIE... AND SADLY, NOW IT'S AN EXPOSED LIE THAT EVERYONE KNOWS ABOUT... SO THE UPSIDE WILL BE LIMITED TO OVERSOLD RALLIES BASED ON BULLSHIT DAILY DATA POINTS...
BUT THE DOWNSIDE IS ALMOST LIMITLESS... ANYONE NOT TRADING FOR A YEAR END BONUS SHOULD DUMP THIS PIECE OF SHIT AND HEAD FOR THE HILLS UNTIL SOME SANITY IS IMPOSED ON WALL STREET AND WASHINGTON AND UNFORTUNATELY THE FED!!
THEY ARE ALL OUT OF CONTROL AND HOPELESSLY OUT OF THEIR SENSES....
