Over the last week or so I've been shaking my head incredulously at most of the comments I've heard about the falling dollar. It seems that the talking heads have nothing negative to say about the weakening dollar. (I wonder why?) Well I was glad to hear what Don Harrold had to say in this video I just stumbled upon (I also like his comments about Goldman Sachs & trading):
I posted my thoughts on the dollar and theory that "everybody is richer" with the Dow being above 13,000 a few months ago. I guess I'm especially sensitive to the dollar weakness after exchanging my dollars for Euros a few weeks back. Buying stuff in Europe was painful! I think I need to buy more gold (GLD)...
Mike,
I am wondering of you ever read the book: CRA$HMAKER: A Federal Affaire
by Victor Sperandeo & Alvaro Almeida
I know you have read up on Victor in the past and agree with his trend-line rules.
It looks like and interesting book, one that I would like to tackle at some point this winter.
Chris,
Yes, Trader Vic is the man. I may have to add Crashmaker to my already too long reading list. (I just read your post about it.. looks interesting)
Mike nice to see you back. I've been trying to find a list of companies that have the highest foreign trade - mitigating the devaluation - If you know of such a site could you let me know - I have tried searches and cannot find. Thanks
paul
Thanks for keeping up with the dollar/inflation vigilence!
Harrold's shtick is hilarious.
Thanks Paul. I don't know where to find such a list but why not just invest in some of the currency ETFs?
Quite interesting. :)
I feel your pain every day. I have to work hard to stop thinking in terms of dollars. When I see a nice 22-inch LCD monitor for 229 Euros, I think "What a great price." Then I remember that it's $1.40 to the Euro, and it's not such a great price, anymore.
Did you have to buy gas while you were in Europe? It's about $7.20/gal here right now. It costs us about $100 to fill our VW Passat gas tank.
No, I didn't have to buy gas on my very short stay in Europe. I was only there for a few hours and went to change about $20 into Euros. The woman at the exchange office laughed and asked if I thought that would be enough. I told her I was only gonna be around for a few hours and she asked me again if I thought 20 USD would last me. :d
$100 to fill a tank of a VW Passat?!?!?! That's insane!