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Posts by "ginger"
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Posts by Anonymous "ginger":
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
It's a close call on 1.35 but it's holding below 1.35 into the close. Do you still predict 1.30 by end of April or do you reserve judgment till we know what happens over the weekend?
Thanks
G
I've followed Bob Prechter for a while now. His timing seems to be off by a number of months if not years (although he did call the market bottom last March correctly) but to be fair in the current environment of a liquidity driven rally it is almost impossible to call the next market top as there is too much interference through loose monetary policy and money printing. Even so as mentioned below on a number of indicators the market is clearly very overbought - problem is it can continue to overshoot for some time killing all the shorts and taking the market higher and higher. His call on $ strength since Nov last year has been spot on though.
As far as deflation is concerened, I for one do hope we do get the deflation he is talking about but look at prices everywhere and they seem to be rising not falling. Again, this may be a short-term phenomenon before we do get deflation possibly caused by a collapse in China real-estate prices later this year.
The trouble is the more deflation we do seem to get the more govts will print so that ultimately holding cash will become a liability.
Ginger