[J. Abizeid]

Originally Posted by Abou-Eddie

Euro at 1.2719 at this moment. I feel a total loss of visibility at this moment about the future of the Euro. I had various exchanges in this thread about my outlook, i was proven wrong temporarily and now the Euro is at levels which I had predicted we will see. There are still two camps out there, those who think the current trend will continue to 1.10/1.15 and another who contends one has to buy Euros at this very moment to benefit out of a dollar rally which will be short-lived. Your thoughts.

I believe the dollar will eventually collapse based on many facts that I have researched extensively.
Meanwhile, many believe the DOW will collapse first which gives the dollar an initial shot in the arm before it kicks the bucket.
There is plenty of bad news in the US economy for this week to make the DOW hit a new record low. So I won’t be surprised if the dollar takes advantage of it, which defeats the laws of economics except in America but, there is one saying: You can’t fool everyone all the time.
The dollar’s disease is the US deficit that is growing at a rate of $2 billions a day mostly in interest not to mention the $825 billions Obama’s stimulus package to be borrowed or printed in the near future.
For long term investment I say, sell your dollars now!