Ok, so the stock markets seem to be bouncing back, data releases seem to be telling a good tale and the dollar is beginning to lose its luster as online Forex investors move towards a more risky approach to their investing. I still believe there is a long way to go before we can call this crisis over – I still don’t believe we have hit the bottom yet. I would not be surprised at all to see the markets suck everyone in for a few more weeks- perhaps even a month, and then collapse once again. The problem here that everyone needs to see is that this “turnaround” in the economy came overnight – on the heels of a dismal employment report in the US. It was protracted based on a better than expected retail sales report – a report that does not take into account the fire-sales and going out of business sales that saw retail prices drop in some cases, by 80%.
what are your take on this???
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18-03-2009, 01:33 PM #1
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Dollar is Beginning to Lose its Luster
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