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Stock Lobster

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Stock Lobster

Re: MWM post# 306092

Wednesday, 02/10/2010 10:32:27 AM

Wednesday, February 10, 2010 10:32:27 AM

Post# of 648882
The issue with the Euro, that I've heard, is that the selloff is being done with the defacto blessing of the EU

They need a lower currency in order to oblige their weaker member states. When currency traders get wind of something like that, it's blood in the water

Same thing happened with the USD back in 2003, when the US admin made it clear that they were in favor of a weaker USD, all the time issuing empty rhetoric about a 'strong dollar'

Currency traders knew there was no danger of an intervention, took the signal and ran with it

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If you take anything I say as advice, you're crazier than I am.

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