Is this an "orderly" dollar decline? Maybe on daily chart there is more support below this weekly as shown, but a break down of 2008 panic lows will find the $ with NO KNOWN SUPPORT, and it will have enterred into the TWILIGHT ZONE.
A 3 month closeup shows 74.68 WAS support on daily now broken. HOWEVER IN ACTIVE TRADING TODAY INO.COM SHOWS a dollar snap back rally to 74.76
SPX price at close had a 1.93% DIV yield, one of lowest on record at any TOP found at BIGCHARTS.COM. No listed PE ratio.
Put this in your corn cob and smoke it:
RICHMOND FED SHOWS ECONOMY WEAKENING ACROSS THE BOARD the price index reflects DEFLATION with a RECORD LOW reading in Services price component.
ALso the CHICAGO FED INDEX continued its downward path
V shaped recovery? or manipulated market and BS peddled to the masses?
WHERE'S THE BEEF? Well where's the turkey.....enjoy THXgiving, be safe, TGIF almost..how BLACK will it be? DO we havebackdrop for increasing consumer purchases? STOP GIVING US "SEASONLLY ADJUSTED FIGURES......."
Duratek
2 comments:
The dollar will continue to go lower for the next 3 years.This is all planned.
They government had better start paying down debt with those depreciated dollars.
Debt will continut to rise, a CRISIS like one unfolding in Dubai has found $ buyers, HUGE mutha of all shorts in the US $ could EXPLODE
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