Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Buzz & Banter



As of Noon sell signals are outnumbering buy signals 53-5. Meanwhile, the market has staggered back into the green.

The Dec. dollar added another X to its point and figure chart this morning in early trading, but as Toddo pointed out it has since reversed course and near testing the June low of 93.20.

But hey, why worry about a falling dollar? After all, so long as the decline in the dollar remains, ahem, "orderly", a weaker dollar is really a positive for the economy, no?

Ok, but what would a "disorderly" decline for the dollar look like? Apparently, I am told, not like this chart below, which shows how the December contract (through Sep. 26) has, in very "orderly" fashion, plummeted from 99.80 to below 93.50 in less than a month.

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos