If you had the largest economy, largest stock market, and the world's reserve currency. Would you abandon all that to market forces? No. Go long and stay long. At least sell puts on the U.S. stock market. By now, everyone's heard of the "plunge protection team" (the PPT is codified into Federal Law). Nobody on earth has more potential resources than they do. Why not trade with the winds at your back? Don't fight the Fed AND the PPT. These 2 together cannot fail.
I agree. Does anyone really believe the Fed is going to let the housing market drop? If so, you are naive.
Yes the US Dollar Cannot Fail <b>until</b> it does fail just like all Fiat Currencies... When the world, for whatever reason, finally calls our bluff... ouch... cj... __________________ HAVE STOP - WILL TRADE If You Have The Vision We Have The Code
But why fight these 2 entities? Doesn't it make more sense to be on the same side of the able with them? The shorts have been so frustrated that threads appear elsewhere that "the market market is manipulated upward." I agree! When you find that sort of situation backed by the deepest pockets on earth, you join it.