GREY:BXEFF - Post by User
Comment by
Steelhead15on Oct 01, 2014 3:56pm
309 Views
Post# 22988199
RE:Total annihalation
RE:Total annihalationI belonged to a trading service in 2009-10. We went short a lot. It was grizzly. The thing the head trader said was, "the dollar going up means the market goes down and vice versa".
Well the $$ is up about 7% now. The market is looking at the US raising interest rates and that is ALWAYS a cold and wet towel.
O&G were heading down for seasonal reasons. Then over supply reasons. Now it is fear of interest rate hikes.
The EU is near recession and has been for awhile. Japan is terminally sick from debt. Russia is being sanctioned and relies heavily on Brent pricing. China sells most of its stuff to the EU so it is falling off.
The whole world got on the "print money" train. We all knew it would end one day. Maybe it will end now- NO they will just print more. Especially the US will print more and keep interest rates low. I think the FED was just testing the water with that talk.