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11-03-04, 11:34 AM
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Short USD - my deepest condolences to the USA
Now after Bush's second term is set, the long term strategy for next 4 years - short USD against any other ccy.
Opening long USD is out off the table. On every spike - sell it, close on reverse (according to your temperament or time frame or individual style), no open position for the correction period - wait for next spike, and so on. Take care and have fun 
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11-03-04, 12:23 PM
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I think you're partly right.
The Bush/Greenspan economic policies give warm fuzzies in the short run but will probably prove disastrous. US stock market bulls are kidding themselves, with the exception of a small number of unique stocks. The economic fundamentals for shorting USD are well known, and they are sound in my view. When we finally have to pay the piper for monstrous government and private debt, it isn't going to be pretty. Many are predicting a horrific bear market in the US, and the more it is dragged out, the more painful it will be. For my part, I will seek to profit from USD up and down swings regardless of who is in the White House. I certainly won't be surprised if more profits come from USD shorts than longs. Last edited by autofx; 11-03-04 at 07:09 PM.
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11-03-04, 07:03 PM
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Re: Short USD - my deepest condolences to the USA
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This has been the sentiment long before the election and will remain.. The election had no effect.... As for the condolences, IMHO, we'll need them Less with Bush than with Kerry... There was a poll......Anybody but Bush... "Anybody" 60% Bush 40%.... Given Bush won, I think the results speak for itself... d
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11-03-04, 07:11 PM
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Bush will have his short second-term honeymoon, but then the
gravity of some of the problems the US is facing will become more apparent to more people. Still, the currency pairs will fluctuate. It's not like USD is going straight down with no corrections from here on.
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11-03-04, 08:18 PM
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Quote:
d
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