Forum
Posts by "daveo"
8683
Posts Total by "daveo":
512 Posts by Anonymous "daveo":
EU one hour skipper model. Tested datopofda tunnel 3 times in 3 days now, ee don't wanna enter yer tunnel skipper and can't say I blame im.
All players are of course relying upon GDP growth combined with a degree of austerity measures/tax revenue increases to reduce their deficits but the latter is negative GDP growth. There will not be enough buyers to satisfy exporters. Capacities will exceed demands for many years.
I see all nations suffering, just some more than others. The stronger economies will be dragged down by the weaker and politicians will not address their underlying economic problems until their next crisis forces them to do so, by which time their problem is even greater. This is always the pattern but this time around the last 50 yrs of living way beyond our means increasing debt and leverage poses unimaginable solutions.
I do believe we have a global depression heading our way any time soon but the the lesson I have learnt over the years is that markets take much longer than we might imagine to react and adjust to underlying fundamentals. Thus, as traders, we should trade the "today" and leave the forecasting of timing to others who like to pit their egos against the odds.
As to the DX the move down has continued to have short term comparitively shallow rets up along the way which tells us the trend is down. If and when the trend reverses up we shall see short term shallow rets down along the way. This is the only kinda information I find useful for trading purposes. Matching "short term" fundamentals with technicals can be useful but any attempt to trade what we perceive to be the longer term underlying fundamental position always spells disaster ime.
Later after talking with you here I went back and hit the tab again and low and behold the stream came live. Just a glitch, trust me to find a glitch, I always do with new stuff.