Watch interest rates over the next few weeks. Possible bullish engulfing candle for the dollar. Still cant get over how incredible today was. 6 weeks of trading wiped out in 6 hours.
Not gonna take long to see where this wants to go.
The dollar chart still looks terribly weak overall imo.
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Sinclair was saying that the Greek bondholders were going to take a 30% haircut and that ISDA wouldn't declare it a default because it's 5 big component US banks would then have to pay off their CDS insurance contracts.
Was it a 30% haircut, then? How long before some enterprising entity issues a derivative bet on now much of a haircut ISDA will give Spanish, or Portuguese bondholders? So much smoke out there. It's a wonder that any work gets done at all in this world.
Q: Are You Printing Money? Bernanke: Not Literally
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Not gonna take long to see where this wants to go.
Knowledge is the enemy of fear
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Was it a 30% haircut, then? How long before some enterprising entity issues a derivative bet on now much of a haircut ISDA will give Spanish, or Portuguese bondholders? So much smoke out there. It's a wonder that any work gets done at all in this world.
I knew it would happen.
<< <i>Looks like we should get $35.50 some time tomorrow >>
Hit the 35.50 this a.m. but it got slammed at the 72 hour ema