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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
To paraphrase Ashraf, good US news is BAD for the USD as money flows out of the currency & into the equities...so good data so a drop in jobless claim should be POSITIVE for the markets. (C'mon, Ashraf repeats e/thing like a thousand times, but STILL...??!!).
But the again, markets nowadays are acting irrational. If oil can hold above 86 - yesterday following poor EIA data, then why can't markets go down on good claims data. In fact, this just might be the impetus for the Cartel to drag the markets down! We think good data is good for markets...& they hoodwink us...
Asad
removing excess liquidity from banks I assume with ᡴ% we have already seen the S&P top and the commodities top. If...
WAIT FOR THE PULLBACK TO FINISH IN TEN DAYS TO LET THE UPTREND RESUME;
11200 IS ALWAYS TARGET