Why are you so paranoid about the "big boys"? Were you fired from a big WS firm or something? Every time you answer one of my posts you ignore 90% of it when I mention a big WS firm and go on a rant that sounds more like class warfare than anything else.
Maybe the reason they haven't bought futures today is because they were so wrong in their call a month ago. They were advising their clients that the RSI's on foreign currencies were out of control high and should be sold. So far they have been enormously wrong.
And, no, they haven't been able to manipulate the currency market to steal money from you.
You were the one who stated that the dollar is oversold, not me. If it is then it is an opportunity. If it is not then it is not. No I am not paranoid, and I don't think that the "big boys" can push currency markets around, and that is the whole point. The dollar isn't "oversold," in my view, but rather all that paper we have pushed out over the years is now coming home. If there is a lot more out there, then we are not at a market bottom, and the decline will continue.
You think my ire is focused on Wall Street. You are dead wrong. I am focused on the Fed. I think that what they have done is a scandal, and has been for a long time. I am amazed how many folks, big banks, are taking big losses.
A lot of folks here, you seem to be included, keep telling us everything is ok, and then another bank, Freddie Mac, even Swiss Re, anounces multi-$B writeoffs.
But, the Fed doesn't do this stuff all by itself and Wall Street is a part of the system. People have been making a lot of money doing a lot of irresponsible things for an awfully long time. And most of them don't even understand where their money came from. They think they earned it. Now, I admit that making a lot of money through investments is hard because you can make mistakes and there are people out to get you, and markets can go against you. But at the end of the day, when people add up their gains across the city, how much of that is earned the old fashioned way, and how much of it just came off the printing press?
When it comes through investment in the engines of commerce, it is earned. When it comes off the printing press, it came out of my pocket.
The plot of M3 above shows that there has been an awful lot of printing, which is a simple enough explanation for why the US$ is falling.