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Short the dollar hard
- Thread starter RiceRocket
- Start date
Quote from RiceRocket:
Listen, your douchbag attitude makes you sound more like a prick than an authority on the subject. So, even though you want to sound cool, or smart, you still have not made me change my bias. Short the dollar.
I don't have enough knowledge about this subject matter to comment but just wanted to say Papa Roach is not the one to say something to sound cool or smart. Check out his posts regarding natty, probably some of the most educational and insightful contributors on ET
And he raises a valid point. Basically all he is saying is properly understand the product before you trade it
Nonetheless, good luck with your trading.
Quote from RiceRocket:
Who wants out of the Euro? That is a myth. In fact the Euro has been a shelter for some of the worst countries. Secondly, the loans and real estate may be bad in the eurozone, but the US is in 10x worst shape. European banks had higher loan standards throughout the last boom. They are much more conservative than US banks. Your rhetoric is part of the crowd that wishes the euro would collapse. In France for example, you can't just walk away from your mortgage. Your wages are garnished for life until you have paid the balance.
A lot of the loans in Eastern Europe were mada at 110%. house plus furniture etc becasue of the rising prices. Some of them carry super high intrest rates of around 10%. Many of them are denominated in foreing currency like CHF. It helps that Swiss are lowering rates but the currencies of the region took a big hit. So many people are struggling with payments.
At the moment, it's all the same trade, in my view... Specifically, risk aversion higher = VIX higher = equities lower = DXY higher.
Aud is the only thing worth buying longer term (as opposed to intraday) in my opinion so I'm starting to build a long Aud/Usd position, it's about the only thing which pays interest!
Aussie and Kiwi are both a wee bit overvalued here (Kiwi more than Aussie), I think, but it's not too bad. Not a bad trade to have on, long-term.
Quote from Martinghoul:
Aussie and Kiwi are both a wee bit overvalued here (Kiwi more than Aussie), I think, but it's not too bad. Not a bad trade to have on, long-term.
I think it's got potential, capital gain when it eventually rallies to Sept '08 levels and a decent yield on the small maintenance margin while I'm waiting, seems like a good deal to me.
Commodity currencies are a safe bet in the long term I believe, what else is there?