[J. Abizeid]

Originally Posted by Abou-Eddie

The speaker in the interview is following a Doomsday scenario based on throwing a lot of sh*t on the wall hoping that some of it will stick. If you predict a lot of things over a long period of time, some of your predictions have to come true.
The Euro is now at 1.318 and I see it hitting 1.30 very soon. As I mentioned many times before, this was the target with a few normal jitters along the way.
During the decline of the dollar since 2002, there were 4 major ranges. First, the 0.96-1.02 range, second the 1.14-1.20 range, third the 1.28-1.32 and fourth the 1.53-1.59 range. Between each of these ranges, it took a breather before going wild.
Now, it is the opposite direction which started with the first step 1.30-1.35. I expect it to take a breather for 2-3 months at this level. My feeling is that it should then reach another range level say 1.18/1.22 by June 2009.

I just received this email. I thought to share it with you.
I believe it illustrates the fake demand/ (supply shortage to print money) on the dollar today the same way we had the fake demand on the dot com, real estate, oil and the rest of the stock market.
Who would have bet oil would hit $67 from $147 within 3 months?
The tsunami is coming soon and it’s not about the euro, it’s about the dollar
As a matter of fact, I see the LL decouple from the dollar to 1000LL/$1 by next year.
That’s why I believe owning LL is safer than owning dollars.

Once upon a time in a village in India , a man announced to the villagers that he would buy monkeys for $10.The villagers seeing there were many monkeys around, went out to the forest and started catching them.The man bought thousands at $10, but, as the supply started to diminish, the villagers stopped their efforts. The man further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since he hadto go to the city on some business, his assistant would now act as buyer, on his behalf.

In the absence of the man, the assistant told the villagers: ' Look at all thesemonkeys in the big cage that the man has collected. I will sell them to you at$35 and when he returns from the city, you can sell them back to him for $50.'

The villagers squeezed together their savings and bought all the monkeys.

Then they never saw the man or his assistant again, only monkeys everywhere! Welcome to WALL STREET.