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re: SHORT THE DOLLAR

Posted on 1/30/13 at 6:12 am to
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7472 posts
Posted on 1/30/13 at 6:12 am to
Just a bump to review.

Appears the dollar has sank agains the Euro somewhat significantly from the 1.25 to 1.35 range. This is not an insignificant move. Obviously there has been Yen weakness as their policies by the BOJ have tried to spur growth.

Now two months out from the election, no significant legislative agreement on anything, what do folks think now about the anticipated future strength in the dollar? Would love to hear the board's thoughts.

I will hang up and listen.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 1/30/13 at 1:11 pm to
I still think you are a clown.

So much so that you don't even think you we're wrong. The yen is down 12% vs the USD and the EUR is is up 5%.

Somehow you marginalized the move that is 2x larger as if the EZ hasn't taken monetary policy by the horns as well and as if you would get some kind of pass on that.

Additionally, your chicken little shtick was not only wrong in its explicit premise, but also on its implied premise that the US economy would go down the tubes. 30% annualized return on the SP500 says hi.
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5689 posts
Posted on 1/30/13 at 1:25 pm to
The dollar index has depreciated 1.67% since you declared to short the dollar. Equities during this time are up ~7%.

When we have a correction in the equity markets within the next month(s), I'm pretty certain the dollar index will be higher than on 11/6.
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