 | |  | | Sell US equities, buy the US dollar!
My position for the next month or so is to liquidate US equities, and to go long on the US dollar and bonds.
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Short term, commodities including gold, equities and the Euro seem to be somewhat overbought, while the US dollar and bonds are becoming oversold. Therefore, my bet for the next month or so is to liquidate US equities, and to go long on the US dollar and bonds.
What worries me most at present is that even I, a skeptic, can't find any good reason why stock markets around the world would decline significantly.
That's not to say there aren't a lot of issues that concern me and which I shall discuss below. But if central bankers around the world are prepared to print money and to flood the system with unlimited liquidity at the first sign of weakness in the asset markets, then it is difficult to make a very bearish case for either US real estate or US equities in dollar terms.
We know Mr. Bush wants to be re-elected at any cost, and that therefore, over the next 12 months, he and his lackeys at the Fed and the Treasury will only take economic policy measures that are designed to keep the American public happy with 'circus and pane'. This economic policy was practiced for centuries by the Roman emperors and was designed to keep the lower classes of society in good spirits and obedient..................
摘錄自.....http://www.ameinfo.com/news/Detailed/31849.html
[ Last edited by 蜀山劍俠 on 2003-12-6 at 01:36 AM ] |  |  |  |  |
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