All I am saying is that the long-term trend for America is up, there are always Cassandras running around saying the world is about to end. Think of it like short-sellers. They are right once in awhile but its a tough business given a 10% upward drift in the market. :)
Good points. Yes, I do buy the low, stable inflation story, so do financial markets.
PS I hope you don't buy that low inflation crap - food, healthcare, gas, education, houses have virtually doubled in price in the last few years.
And yet as a country, we are enjoying low inflation, longer and stabler economic expansions. We get richer and richer as a nation. Where is the problem?
I started in this business in 1990, since then I have been ceaselessly told that (1) the consumer is about to collapse, (2) the CA deficit will be the end of the wordl, (3) the budget deficit will be the end of the world. The Japanese will buy us out, the Koreans will buy us out, the Chinese...
Having a catalyst to move the mkts (in the form of a news event) is a good strategy addition. You have something that should move the mkt, if it doesn't you're wrong. You can set an out level, "if it comes back to here, I am wrong." It sets up great contrary trades, bullish news that isn't...
You better check further on Oanada on this board, lots more critical posts. BTW, why don't you just trade the futures contracts at the CME. Regulated, transparent. No FX broker razzle, dazzle.