Tuesday, November 18, 2008

EUR/USD

IMHO Gold, the EUR/USD chart and all the major equity indexes are all looking the same.

They are in the process of stalling out and testing the lows...

I'd be very pleased if the EUR/USD started trekking downward again, because my In-laws would be happy, plus I imagine this would trigger the next round of deflationary selling in just about everything, which would make my short ETF's very pleased with themselves. Happiness and joy would abound if this sucka would just break down.

Of course man proposes and the market disposes but that is how I am positioned at this moment.

3 comments:

Urszula said...

Hi Jon, Have been reading your latest posts + some of the older ones.Like your style.I will return! Best wishes, Urszula.

Jon88keys said...

Thank you so much Urszula! If I can't think of something clever to say on any given day, at least I can pull out the dancing monkeys again.

Urszula said...

I don't think you'll need the monkeys very often.
;-)