That's my point exactly.
When the dollar went through the floor late 2004, people were calling for 1.50 EUR/USD by the end of 2005. The calls were everywhere. Even more outrageous were the same folks calling for PAR (haha!) when the dollar pounded the euro back to 1.16 after that. These calls, incidently, by the same analysts and traders on this forum as the ones for 1.50.
People love to attach themselves to a crisis whenever they anticipate one.
Now, maybe the dollar WILL drop some massive amount, who knows! But there are always chicken littles who will scream "the sky is falling, the sky is falling!" Eventually, one of them might be right, but it's due to chance.
I mean, just look at the very first line in this thread:
Ah, that old rumor mill! First it was bin Laden was caught, then it was how the US would attack Iran with nuclear weapons! This time it's passing around rumors of a 25% drop! Oh yeah, that's something the rumor mill will definitely get right.
When the dollar went through the floor late 2004, people were calling for 1.50 EUR/USD by the end of 2005. The calls were everywhere. Even more outrageous were the same folks calling for PAR (haha!) when the dollar pounded the euro back to 1.16 after that. These calls, incidently, by the same analysts and traders on this forum as the ones for 1.50.
People love to attach themselves to a crisis whenever they anticipate one.
Now, maybe the dollar WILL drop some massive amount, who knows! But there are always chicken littles who will scream "the sky is falling, the sky is falling!" Eventually, one of them might be right, but it's due to chance.
I mean, just look at the very first line in this thread:
Ah, that old rumor mill! First it was bin Laden was caught, then it was how the US would attack Iran with nuclear weapons! This time it's passing around rumors of a 25% drop! Oh yeah, that's something the rumor mill will definitely get right.