Skip to main content

Pessimism of US dollar

I have been trying to write a report on the USD. But, GOD.... I am overwhelmed by the negative news flows on dollar. Every Tom, Dick and Harry seems to be bearish on dollar. Every newspaper, every story, every columnist, every blog, every trader. I have spent most part of weekend looking for a "contrarian" view on dollar, but those just doesn’t seem to exist.

I agree there is too much happening on dollar, to relax on the trigger just now. But is this too much? I have been a gold-bug for a long time. $1000 is a crowning glory but come on... dollar is not going to die. If it dies like this, in one swoop, it will be financial Armageddon!

****

Just trying to check what is the sentiment. Tried to check out the trends of google searches:



It should be noted that these search strings are not accurate. For example, if we look for “gold”, it will count the articles related to Gold cup, Olympic gold etc. Similarly, for Dollar, any articles that discuss the price of lipstick in dollar terms will be taken in account. And “fed up” will count for “Fed” J. In other words, these are not accurate; they are off by exponential factors.

But, if you look at it, we can justify the use of Gold, in million scenarios, but not as much the use of “dollar” as against “$”. Probably, it implies the loads of documents created are really very high.

****

Pessimism cynicism everywhere,

Gloom doom here and there.

Should I buy, should I not?

There’s too much pessimism everywhere.


Is this floor or is there more?

Don’t know. That’s what future is for!

Is it true, Good men said -

Enter, when others exit the door.


If you need a hat in summer

Buy one in winter.

If you buy for a year or two

Does it matter if you buy today or later?


Falkor
Labels:

Comments

Post a Comment

Popular posts from this blog

How-to overcome sendentary lifestyle.

Some interesting points on overcoming sedentary lifestyle. There are many other routine ones, just try googling that. 1. Some not so routine tips on avoiding the sedentary lifestyle 2. Walking while talking on phone is a good way to get expressive and burn calories too. 3. Don't use the phone to call someone a short walking distance away. Walk and visit whenever possible. Same for grocery shopping. 4. Catch a different bus that makes you walk a bit more. You can catch a bus from a different stop, a little farther from your regular stop. 5. Pacing the length of the subway platform whenever the train/bus is late. 6. Dance Source: from various places on net
Post a Comment
Read more

Net Neutrality - Fight for free expression

The "Net neutrality" issue, where we fear networks/infrastructure providers will decide (euphemism for censorship) what customers will read/watch/listen/buy on net. Many of the features that we fear in the "Net-neutrality" have already been implemented across various other platforms like telecom. For example, my telecom service provider has blocked the competitors GPRS sites and also does not allow access to many other sites on Internet, from where the free goodies like mobile applications, software, games, wallpapers, tones etc can be downloaded. This leaves me with the only service provider for above products, the service provider himself. This is totally blocking my freedom and my right to choose. This is just a glimpse; with "Net-neutrality" issues at stake are enormous. There should be no way; any entity (maybe, other than individual governments.) should be able to determine what is accessible and what is not. :) Falkor
Post a Comment
Read more

Definition of Cult Stocks

From a blog: A classification describing stocks that have a sizable investor following, despite the fact that the underlying company has somewhat insignificant fundamentals. Typically, investors are initially attracted to the company's potential and accumulate positions in speculation that its potential will be fulfilled, providing the investors with a substantial payout. While most of these cult stocks promise they will be the next big story after they make a new discovery or get the newest contract from the government, most do not provide investors with anything other than the story. Furthermore, these stocks typically generate very little, if any, revenue at all. For example, many micro-cap biotech stocks are cult stocks. While they promise that they are going to be working on a miracle compound or drug, most of them do not have any source of income as they slowly burn away their initial capital in research and development. However, some cult stocks do occasionally make good on...
Post a Comment
Read more