And one more thing, as someone who values overseas travel and would like to get out of the country for long periods of time, I don't like the continued devaluation of the dollar...it doesn't exactly bode well for the continued interest from other countries to hold the dollar as their largest reserves...we're already seeing reserves shifted.
Bernanke too slow to cut rates?
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Investing in another country like Canada or Europe is great. Not only do you make positive return on the markets apreciation, you make the same amount on the dollar drop. Why go SPY? Invest in the EWC! up nearly 14% so far this year thanks to the dollar.
US dollar 100% down room to go$$$$$$$
US dollar 100% down room to go$$$$$$$
Quote from SiSePuede!:
I'm with you brother. I'm making money somehow, but I think most of what's going on in the markets is bullshit.
I actually can't bring myself to be part of the 100% up room to go crowd no matter how much I want to make money. I don't like the levels of margin people are using, the coming slowdown, the sliding dollar value, etc.
The fact that Bernanke doesn't say, "fuck your housing crisis and any spillover it has, suffer the consuquences" because it's a bubble that needs to correct itself...Americans can't continue to spend the way they/we have unless there is a rate cut and all that will do is band-aid the problem. Housing won't see another bull run like it did in the last few years for another 10-15 years at least.
There's money to be made, but the markets irrationality when they go up following bad economic sign after sign is just disturbing to me.
I am on strike until we get some sort of correction, every technical indicator daily weekly monthly is overbought, I held my nose and bought last week, an did ok.
I find it to hard to buy up here, it just makes me uneasy. So I sit and wait.