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.

0 comments :

Post a Comment