07 May 2008
Bad Financial Journalism
I gotta call out Steven Weisman on his article saying that the dollar is showing signs of strengthening after a 6 year trend down. I
It's very basic. The dollar has been heading down for 6 years...It's been heading up for 2 weeks.
Please wait at least a few months before declaring the trend over? At this point it is likely still a dead cat bounce.*
*No cats were harmed in the preparation of this blog post.
It's very basic. The dollar has been heading down for 6 years...It's been heading up for 2 weeks.
Please wait at least a few months before declaring the trend over? At this point it is likely still a dead cat bounce.*
*No cats were harmed in the preparation of this blog post.
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