Time To Hedge Dollar Exposure

For today’s Brain Purge, as with last week’s addition , I find myself spinning the electronic globe for any signs of inflection. At this point, inflections in sentiment are just as important - if not more - than outright good news. Fundamental Buyers Twiddlin’ Thumbs ‘n Holdin’ Cash There’s not much out there to grab hold of; the lone salve continues to be the valuations of U.S. equities. But until buyers come in from the sidelines and vote on those... more

Brett Steenbarger submits: ... more

Michael Panzner submits: When I turned on my computer and saw that equity traders had driven S&P futures sharply higher in Sunday night trading on the heels of today’s Fannie Mae-Freddie Mac "rescue," I immediately thought of the following Bertrand Russell quote: The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Complete Story » ... more

Stockerblog submits: North Dakota’s economy is mainly dependent on agriculture, 25% of its economic base to be more precise. Natural resources are the most valuable asset this state possesses. Consider the following key facts about North Dakota: It ranks number one nationally for its potential to produce wind power. The state also produces biofuels like ethanol and biodiesel. There are more than 160 certified organic farms in the state. North Dakota lower... more

Kunal Vakil submits: Wow!  As I write this, the S&P futures are up 33 points with the Dow Jones futures being up nearly 300, and Nasdaq 100 up 38.  The market is all cheered up over the news that Freddie Mac (FRE) & Fannie Mae (FNM) are going to be taken under conservatorship by the Federal Government.  It appears that this news was leaked in the final hour of trading on Friday as the market, and especially the financials started rallying pretty strongl... more

Jack Walker submits: After consolidating and making a continuation pattern between 76 and 77, the US Dollar Index [DX] broke out above 77 ½, traded as high as 79.077 on Thursday and then closed Friday at 78.932. For a currency with many trillions outstanding, we think a 10.87% move in seven weeks is “too high too fast” and we should now expect a correction back to 76 or perhaps even 75. The apparent overhead resistance is at the 80 level where it made a pivot at 80.... more