Comments on: "Bernanke Makes Bulls From Dollar Bears"

By: bob

bob — Thu, 07 Feb 2008 20:38:00 +0000

``We're not chasing dollar weakness any lower,'' said Robert Robis, a fixed-income manager in New York at OppenheimerFunds Inc., which oversees $260 billion. ``The Fed's actions have avoided a long recession and we may start to see a recovery later this year.''...

ROTFLMAO!!!!!

What a complete moron!

By: Francois

Francois — Mon, 04 Feb 2008 10:15:00 +0000

"big money says the dollar is near a bottom"

Yup! And big money said, no later than in 2005, that the growth in the housing market was expanding "as far as the eye can see".

A bottom is like a trend: you see it after the fact.

By: Anonymous

Anonymous — Mon, 04 Feb 2008 07:50:00 +0000

Big money moves the markets & the economy — that’s the point of the article — big money says the dollar is near a bottom, whether economic reality supports the position or not won’t be known for months to come. The author is simply providing a data point on dollar futures, pointing this fact out. It doesn’t matter what u think the dollar, markets or economy should do, the only thing that matters is the tape. Think twice before selling dollar denominated assets at this juncture. If the fx traders are right, short oil & gold.

By: Independent Accountant

Independent Accountant — Mon, 04 Feb 2008 05:57:00 +0000

This guy is an idiot. Over the long term the dollar is toast. Sell dollar denominated bonds. Now! Remember, Uncle Sam is. Think about that. I wonder if Ben Stein channels this fool?

By: kwark

kwark — Mon, 04 Feb 2008 05:24:00 +0000

This guy thinks rate cuts are going to fix insolvency? Is this guy nuts or is he pitching snake oil? Only adds to my conviction that we ain’t anywhere near the bottom of this mess.

By: Anonymous

Anonymous — Mon, 04 Feb 2008 04:06:00 +0000

If the ongoing rate cuts create a dollar carry trade, it will hurt both the dollar and US stocks, and the Fed will quickly cry uncle. The fundamentals haven’t changed a bit: jobs and housing prices are not picking up anytime soon, the recession has only just begun, and recent foul weather in China means that they’ll be exporting an extra dose of inflation.

By: s

Mon, 04 Feb 2008 04:06:00 +0000

The financial markets have become a joke. I mean this is a guy who HEADS strategy fx. Unreal. Yeah cutting interest rates solves the problem. Wall Street has become a conduit unto itself and a zero sum wealth “creator” for the financial economy at the expense of the real economy. We are heading for a complete disaster and the more you read this moronic commentary the more you realize that never has there been a better time to sell. Rotten to the core.