Pretty interesting video. This was posted on youtube about a month ago, so many of you may have seen it, but for those that haven’t it is quite interesting. The video may be a bit over the top, however we have seen what can happen in these markets and with everything that the is happening in the world and what our government is doing these results are  not out of the realm of possibility.
What a fun week….fun if you enjoy watching the dollar get pummeled and buying equities.
QE is still the talk, throw in a bullish German IFO number and we could see this dollar hold below April lows now, possibly even push the yearly lows. Even though I’ve been toying with long dollars with tight stops all week, I don’t think I can take longer term shots on longs until 78.40 level. The stock markets continue to like this weak dollar and things have been steady in terms of the “psychological trade” we’ve been seeing. Dollar down, equities up. It might make sense to some people, but is it really the right thing to do??? And when will dollar weakness become a concern???
Brian Tehako and Jim Bianco had an interesting Bloomberg interview on Friday afternoon and they brought up that very point. Might be worth a look if you have the same questions we’re asking.
Some other note worthy stuff that’s been going has been in the Metals. BUY BUY BUY! We saw some strong demand in the Copper market earlier in the week based on low supply numbers and the weakening dollar. Silver is also hitting 5 year highs. I will continue to be bullish metals until something big changes, but doubt that will happen anytime soon.
Have a good weekend.
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