The Dollar Trade…Too Easy and Too Crowded?
- Posted by Howard
- on November 10th, 2007
PROBABLY!
That does not mean the trend won’t continue or even accelerate before it ends.
In the meantime, calling Tops and Bottoms is just not that important. A good article here from Michael Kahn on the US dollar trend is worth a read .
The way the dollar acts seems climactic in nature and that is why I am fearing a market event. Too many recent breakouts in my portfolio have reversed fast and turned negative – SINA, NDAQ, CSTR, BBBB and many all-time highs I never added. I don’t have a complicated system of stock selection or money management, but the vicious price action speaks loudly. It has my full attention.
I am building a list in case this week gets messy. You should too.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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