Post by
Saturn4 on Oct 08, 2008 3:35pm
IMO ....
When the Canadian Dollar starts to rise and Oil starts to rise ... it will be the beginning of the rally .... U.S. Dollar has to drop IMO and with it the rise in commodities again. Markets are starting to digest the impact of the rate cuts and those potentially coming at end of month. IMO markets should be good starting Monday ... markets will also have to digest the impact of all the measures other countries are taking ... What's different with this meltdown is that it is on a global scale and things have to be done on a global scale ... which IMO are happening as we speak. P.S. - those Canadian banks should drop the for 50 basis points and not only .25 ...
These are my opinions and are not intended to be in any way investment advice. Speak to a qualified professional if you intend to take risks in investing in this market. I'm not a professional. Just an average JOE ...
Comment by
Saturn4 on Oct 08, 2008 3:44pm
Sally, IMO you are partly right. A rising Canadian dollar will impact manufacturing, no doubt. BUT, commodity prices will go up ... commodities will be king again ... for a little while IMO... we will see huge rises in inflation ...
Comment by
Saturn4 on Oct 08, 2008 3:45pm
P.S. - IMO, the Canadian dollar will not rise per se (it might)... its the U.S. dollar that will be weakened.