feel the love friday, page-13

Who is the discussion header title creator ... there have been some special ones.

FWIW:

My position : I am short the ASX200 as we speak and enjoying the day.

My rationale : A nations currency is supposedly a measure of its economy's well being. The USD is tanking at what in any other circumstance be considered alarming. IMO the AUD is not strong nor the fair haired currency ... right here right now the AUD is somewhere other than the USD. Thank heavens we still have some minerals in the ground!!! The EUR is an interesting basket case ... China's I think bunkering down with is mountain of foreign reserves endlessly looking for customers to sell its ware to...

Strugling for a bright light.

On this basis it defies IMO the most basic logic that the market can even pretend to be bullish ... An AUDUSD 1.10 will be a very brittle acheivement and if nothing else might be the 'let's ALL take profits now' time...

My view ... don't be the last one turning out the lights.

Of course, I will be proven wrong but that's just par for course.

have a great day and a great weekend.