Here's the bailout coming! Today 09:00am EST/01:00pm GMT (US) Fed & Treasury extend TALF program expiration dates - Extending TALF to March 31, 2010 for newly issued ABS and legacy CMBS. S&P rally to 1200! I'm buying the dip!
maybe that will keep this trade from blowing up any further today. will be interesring to see If we get our late day bounce.
I'm buying IYR! Easy bailout money!! This is something that I won't miss out!! Fed Extends TALF Program for Commercial Real Estate (Update2) http://www.bloomberg.com/apps/news?pid=20601087&sid=aGPi.Lptz2cE HAIL BERNANKE & OBAMA!
we jsut made a HL on the USD index and almost a HH dollar doesnt look weak for the next week imo. got a mini reverse head and shoulder as well gold has a litttle head and shoulder so im gonna disagree with OP for the next week now fundamentals and maybe a year from now i'll leave that up to you guys.
Apparently the market is in agreement with me. Ben Bernanke too. This dollar rally last week was a deadcat bounce in a long term crash mode, fishing for naive dollar bottom pickers - who's about to get spanked as Bernanke prints more money. Ben Bernanke will print gazillions more money until everyone is a millionaire. If you know what I mean Toldya buy the dip ... more rally coming because of more money printing, Zimbabwe style. Here's what S&P will look like as Ben Bernanke prints more and more money:
we retraced less than half of mondays dump on low volume, and right now asia is flat. but hey if you bought the close monday you made some money.
Rally again! Booyaaah! Look at dollar go Retailers are gonna have more upside surprise when the dollar is lower.. lots of foreigners will be shopping here!
I'm adding my short position USD/MXN again Peso should triple (or at least double) as Bernanke prints more money. I'm not kidding.