Thanks, should be an interesting week coming up. Seems like the Fed will make the wrong move it raises rates and will tell the whole world that the US economy is weak if they do not raise rates. There is very little economic news coming out next week until Friday. So, if the market wants to continue to go down, there is nothing stopping it. I assume that if there is a pause in the decline there will promply be an attempt to rally the market and take advantage of the decline. But this market after a long grind down is very dangerous to bottom feeders.
The dollar declined significantly Friday. I think there will be about $51 billion in treasuries to be sold next week. Things will get real interesting if the Asians get spooked by the recent economic news..and the likely slowing of the US economy. I mean I think they have been net sellers of US equities over the past several months and so this could also shift to our debt. We need about $2 billion per day in new foriegn debt purchases to keep this economy borrowing....
Best wishes everyone....
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