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To: TigerLikesRooster

Strangely enough, the dollar has strengthened against major currencies like the Pound and the Euro (1.49 down to 1.4450) as the big boys think the dollar will be a safer bet than the other currencies when the global economy blows.


39 posted on 02/09/2008 7:20:22 AM PST by wildbill
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To: wildbill
That could be true. The problems may originate from U.S. market, but I think financial market dominos will first collapse outside U.S. Europe or Asia. Then it will move toward U.S.

In the mean time, money would bail out of the overseas markets in trouble and head for U.S. market which may not been yet hit in full-force.

It will go down nearly at the end. Then everybody will be pancaked in U.S. market.

40 posted on 02/09/2008 7:27:11 AM PST by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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