September Stock Talk II

Vermeer,

That is true about perception..the market will probably not get it about the mortgage and credit disaster for quite some time and are fixated more on rate cuts than solutions.

Anyone notice the greenback hit another historic low today? Wonder why..hmmmmm...Fed keeps pumping supply out there, nobody gonna prop up the dollar, especially this administration. No foreign government needs to prop up our currency because doing so makes no sense..the cheaper the dollar, the cheaper our exports and debt and companies are to foreign investors. This is not good and is more important than the mortgage crisis (IMO).

claycourt, you see the HUGE reversal in FSLR? That high doesnt look legit but it was over 107 and a SIX point turn, that is nasty..I expect she goes to the middle 90s again and if/when it happens I might try and ride it back up via options. The 100 puts are too expensive but over 107 they were at 2 bucks, I guess that would have been worth it, now at 4 per contract..

I watch the USD carefully and you are right about both cause and effect there.The government relies on the hassle getting out of dollars represents to those with them, but more and more alternatives are being sought out by more countries and individuals. The USD has very little going for it especially given the assumption of a rate cut, and the USD is traded accordingly...good for exporters, bad for importers and tourists, and others as well.