Very tricky around here- Looks like it is safer just to play the metals and Oil than the equity markets for sure. The US dollar continues to get killed and for that reason the dollar is worth much less so it would interpret to higher stock prices to compensate for the lack of buying power.
Who knows what this will all mean but looking at the increased deficit, lower dollar and higher commodity prices I can only think we are going to end in a blood bath. This is definitely not for the faint of heart and for me I rather stay on the sidelines than guess. Be my guest if you like to guest but I will wait till I see moves that are trending beside the dollar and gold moves to try anything else here and now.
I will run some analysis this weekend for sure. I am getting some ratios @1076 for the S&P for what that is worth.
Yep the market goes up 10% but the dollar goes down 20%, do you think you are ahead???
MARKETJEDI
Thursday, October 8, 2009
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