I think the DOW is going to really correct down soon. Looks like a lot of foriegn money is going from debt to ownership now. They’ve got to do something with those damn deflating US peso’s.
So now it’s gonna be buy-in time.
The only bright note I see is that the UD$ is now correcting to reflect actual weakness in competing currencies. Great!
I still think commodities is probably the safest play toward the end of this year. Hope the US$ holds till then.
