How the Dow recovered?, page-6

  1. 730 Posts.
    I don't believe the buying was technical. If anyone believes the so called 'bargain hunting' was technical buying, I would be very interested in your analysis.

    I do think however, that the market was propped. This is a very, very bad sign for those long on U.S industrial stocks, or the US$ in any capacity.

    Despite the English market falling 5.4% overnight, to its' lowest level in over 5 years, the euro currency rose against the US$.

    The euro will surpass the U.S dollar in the very near term, and then a serious and substantial devaluation of U.S assets will happen.

    Attempts to prop up the U.S market will only lead to harder, longer and more sustained falls.


    Regards,

 
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