Posted:
#101
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..
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..
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