Yay, we'll all get rich because stocks ain't goin' down no more, ain't goin' down no more,ain't goin' down no more. I voted with 'da Bears.
G-20 powers agree to Geithner currency and trade plan By Howard Schneider Saturday, October 23, 2010 Finance ministers from the world's major nations agreed to a U.S.-brokered plan for easing tensions over exchange rates and world trade patterns, saying that a "fragile and uneven" economic recovery was at risk if top powers pursued conflicting policies or used the value of their currencies to gain an edge for their exports. http://www.washingtonpost.com/wp-dyn/content/article/2010/10/23/AR2010102303510.html This is all BS talk, right? if USD were to strengthen tomorrow it is not because of some statement from G-20, right?
Every person ever crushed in a steep selloff of any market has thought this... all it will take is a macro-based, world-markets selloff to destroy even the Fed. I am not saying I think this will happen anytime soon. Just that it can and will, eventually.