seems like us dollar is taking victims, page-7

"do you believe that the drop in oil $ and the announcement of a further 2.5 billion loss from Fanny Mae is coincidence?"

This morning on the radio I heard Ralph Wragg get asked "How much more writedowns from sub-prime?"

He replied, "how...there's nothing left to writedown!".

So I guess the consensus of opinion is that its over (total write off) - market just don't care anymore - going up anyway!

As for oil falling - market loves it! - take a look at the dow! Oil down $5 dow up 303 points.

The rise in the US dollar has further invigorated the market.

Strong dollar -> strong economy -> more consumption.
The worlds engine has just revved up a notch or two.

So you can take it that I'm very bullish right now in deed.