WITH recent US $ strength befuddling some, it does seem to have come OFF the canvas. The reason is EURO issues with Greece, Italy, Portugal and maybe Spains debt....EURO weakness = $ rally....the "carry trade" may be ill prepared for this.
The game is no longer in the early innings, those sticking around holding may be sore losers in the not too distant future.
Futures point to triple digit swoon....Japan and Chinese markets continue to struggle. CASH may not seem like safe haven (but $ is in rally mode), as FED holds to their bendover ZIRP policies......the silence from the masses to this injustice emblodens the gamesters....
D
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