07-20-2012, 06:07 PM
Well, to try to get this thread back on the rails, there is little chance of the US Dollar going down the drain this year. Issues overseas are far more tenuous, and any Euro collapse would prop up the US Dollar for awhile. That said, I am not long on the Dollar (Long is a term that means I think its going up in value). I am however long on metals. There is a lot of money Ben "Helicopter" Bernanke could drop on things, and the dollar is still (somehow) a world reserve currency.
Only real issues I see by year end is potentially some shenanigans when the the US hits its debt "ceiling" in a few months. If the election this fall is not clear who is going to win, there will be an adjustment with a trend to go up right after that, as the market will like the "stability" staring down the barrel of four years of the same bureaucrat in chief.
Only real issues I see by year end is potentially some shenanigans when the the US hits its debt "ceiling" in a few months. If the election this fall is not clear who is going to win, there will be an adjustment with a trend to go up right after that, as the market will like the "stability" staring down the barrel of four years of the same bureaucrat in chief.