Friday, November 16, 2007

Strong dollar policy?

It is funny how the dollar keeps going down even though we have a strong dollar policy. Here is a recent statement that Paulson made with a South African radio interview. Article

1 comment:

IIO said...

There seem to be very few people that are concerned with our declining dollar. Most view it as beneficial. I hope when the time comes, its not too late to reverse course. Last week Gizzelle wants to be paid in Euros, now yesterday the Iran guy (Ahmedjad) calls it a worthless piece of paper and is trying to get oil prices pegged to another currency.

About Me

I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.