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Tuesday, 27 October 2009

Getting disorderly.............from Rico

I really see no serious or positive "upside" for the US Dollar. Helicopter Ben is still raining freshly-printed money into the gaping hole created in our economy by those collective economic geniuses and Nobel-prize (snort! sneer!) winners in Congress.

The dollar index looks to be in another leg of "orderly decline" and the long positions of most sane traders is for a decline to continue. A "60" dollar index is forecast for 'orderly' (in itself a vary bad, muy malo, number).

If another bubble goes ka-blooey, this decline could well become disorderly. A sudden sharp drop.
- That would be the wrong side of trade.
[chart attached]

Move along now. Nothing to see here. All is well. Tune into MSNBC. No problems! You'll see.

I think I will ignore the State-run socialist media organs and their magic unicorn forecasts, and get disorderly with some fine, tasty, ice-cold, Texas-made Shiner bock!

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