Dollar UP??? How can it be???

TampaDude · 10-26-2009, 08:25 PM

http://money.cnn.com/2009/10/26/mark...ion=2009102616

Gold off $13.60, too.

fencerider2 · 10-26-2009, 08:58 PM

Key reversal day.

**BAMF** · 10-26-2009, 09:44 PM

Quote:

Originally Posted by fencerider2

Key reversal day.

Key bump?

**Josh** · 10-26-2009, 11:24 PM

sigh

the dollar doesn't always go down guys. gold doesn't always go up. what we're witnessing is the typical pattern we've been seeing since last year. out of assets, into cash. this temporary move into cash makes the dollar spike up, but it's an irrational move, like i've been saying. as US financial assets lose their appeal, the US dollar gains appeal? what kind of sense does that make? eventually we'll witness a breaking of this trend....and over the last 40 years the dollar falls more than it rises...that's a down trend, we're not doing anything to make anything brighter for the dollar.....the trend is your friend.

i don't care how high the dollar goes, i won't buy it - it's phony, it's not based on real demand, it's based on short term props that are temporary. just like i don't care how high internet stocks went, i didn't want them, just like real estate keep going higher, i didn't want to participate in the bonanza. to me, the dollar is no different and i don't want to get caught without a chair when the music stops. i don't care how good the music sounds on the titanic, i'm not going to leave the lifeboat for one last dance on the deck.

**BAMF** · 10-26-2009, 11:38 PM

Quote:

Originally Posted by Josh

sigh

the dollar doesn't always go down guys. gold doesn't always go up. what we're witnessing is the typical pattern we've been seeing since last year. out of assets, into cash. this temporary move into cash makes the dollar spike up, but it's an irrational move, like i've been saying. as US financial assets lose their appeal, the US dollar gains appeal? what kind of sense does that make? eventually we'll witness a breaking of this trend....and over the last 40 years the dollar falls more than it rises...that's a down trend, we're not doing anything to make anything brighter for the dollar.....the trend is your friend.

i don't care how high the dollar goes, i won't buy it - it's phony, it's not based on real demand, it's based on short term props that are temporary. just like i don't care how high internet stocks went, i didn't want them, just like real estate keep going higher, i didn't want to participate in the bonanza. to me, the dollar is no different and i don't want to get caught without a chair when the music stops. i don't care how good the music sounds on the titanic, i'm not going to leave the lifeboat for one last dance on the deck.

Keybump?

**Jeff240sx** · 10-27-2009, 12:00 AM

I like it :thumbsup:

Dollar goes up and people are itching to jump on someone's shit about it.

Even the highest gaining big board stock this year (that I can think of) is Apple (AAPL), which is up over 250% for the year. Guess what? It didn't go up every fucking day either.

10-26-2009, 08:25 PM	#1 (permalink)
TampaDude Been there, done that...	Dollar UP??? How can it be??? http://money.cnn.com/2009/10/26/mark...ion=2009102616 Gold off $13.60, too.

10-26-2009, 08:58 PM	#2 (permalink)
fencerider2 Puppet Masturbater	Key reversal day.

10-26-2009, 11:24 PM	#4 (permalink)
Josh When I read your post	sigh the dollar doesn't always go down guys. gold doesn't always go up. what we're witnessing is the typical pattern we've been seeing since last year. out of assets, into cash. this temporary move into cash makes the dollar spike up, but it's an irrational move, like i've been saying. as US financial assets lose their appeal, the US dollar gains appeal? what kind of sense does that make? eventually we'll witness a breaking of this trend....and over the last 40 years the dollar falls more than it rises...that's a down trend, we're not doing anything to make anything brighter for the dollar.....the trend is your friend. i don't care how high the dollar goes, i won't buy it - it's phony, it's not based on real demand, it's based on short term props that are temporary. just like i don't care how high internet stocks went, i didn't want them, just like real estate keep going higher, i didn't want to participate in the bonanza. to me, the dollar is no different and i don't want to get caught without a chair when the music stops. i don't care how good the music sounds on the titanic, i'm not going to leave the lifeboat for one last dance on the deck.

10-27-2009, 12:00 AM	#6 (permalink)
Jeff240sx KDM. Yea, I said it.	I like it :thumbsup: Dollar goes up and people are itching to jump on someone's shit about it. Even the highest gaining big board stock this year (that I can think of) is Apple (AAPL), which is up over 250% for the year. Guess what? It didn't go up every fucking day either.