The way this market is holding together (barely) if there is so much as a hint that rates will go up the market will tank HUGE!!
May the force be with us.
I agree with fedgolfer. No interest hike for a while. The economy hasn't really recovered. It's been all lies. Just look at state sales tax collection.
Look at Japan, they've been at practically 0% for what? 2 decades?
Fall of the Republic.http://www.youtube.com/watch?v=VebOTc-7shU
The Alchemists are the smartest guys in the room. They know this whole thing is a house of cards built on sand and a rate raise would absolutely destroy majority of homeowners hanging by a string. They raise rates and deflation would kill even the cockroaches, so keep em at .015% or whatever the rate is that the big banks can borrow from, and hope that this disaster can reflate. Imagine a balloon with a hole in it hooked up to an air pump. Keep gassing the air pump and the balloon will stay inflated (barely). Let the foot slightly off the gas and the whole thing collapses.
It amazes me how I heard a guy say buying the Euro here is a smart contrarian play because the Euro is where the dollar was a few months ago. I guess the complacency is so high at this point that investors are conditioned to buy whenever the market is down because it will come back in a few days.
ONLY if you can cover margin.
I am seriously long in the Euro right now. It is programmatically a 78% position. However, that being said, you need to really know where you are in your account and what you can withstand.
Your right though, some people should not be giving advice that is just vanilla flavored and expect to be taken seriously.
I personally believe that I will see JPY movement tonight when their market drinks some Kool-Aid.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
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