Seems like everybody's a genius nowadays with the stock market only going up. Every pick seems to go up. Whether it tech, financials, autos, etc. No seems to be wrong. This sharp rally getting be a little worried. The new lows of the dollar is getting me worried.
I'm not a genius. But this probably can't go on too much longer. I know, I know... Bernake printing press is flooding the world with dollars. But the way I see it is: The dollar can't fall that much more. There's a lot off commodities that go off it, other countries exports, world reserve currency. The dollar droping so low is bad for the global economy. Also looking at the chart for the dow. The rally been really sharp. The rate it's going it make new highs sometime in 2010. Yeah right.. with 10% unemployment. It doesn't make any sense.
I'm slowly closing my positions. It's an uneasy position. Thinking about opening into commodities more in the coming months. Along with the usual metals, I was thinking agriculture too. Also closing more short position.
Holidays coming up again. Usually bullish month too.
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