Friday, February 29, 2008
Watch For US Dollar Collapse To Send Equity Markets Free Falling, Commodities Parabolic...
Fed Funds futures now pricing in 100% probability of 75bp cut by March 18th FOMC meeting, and whopping 75% probability of 100bp cut. Watch for inter-meeting rate cut to send US Dollar plummeting, equities free falling, and commodities parabolic. Any pop in equities will be short-lived and should be shorted. Will be one of the biggest mistakes in Fed history as Fed clearly fully focused on challenges within banking sector with blatant disregard to soaring inflationary pressures. Note US Dollar Index closing at all time lows, and all commodities at or near all time nominal highs. Bloodiest Of Days scenario + runaway inflation on its way....
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