U.S. Dollar in descending Triple Bottom Breakdown.

HeXploiT

Diamond Member
Jun 11, 2004
4,359
1
76
Anyone who daytrades or knows how to read a chart will know what this means. .80 is support for the dollar and if it breaks through that level we could see the bottom fall out of $USD. Down 10% this year alone.
I don't really understand why more people aren't talking about this. Were this a stock issue shareholders would be panicking. In fact we are all shareholders in this company.

Descending Triple Bottom Breakdown
 

senseamp

Lifer
Feb 5, 2006
35,787
6,197
126
Declining dollar is good for competitiveness of US goods overseas. That is why Japanese and Chinese aren't allowing dollar to fall relative to their currencies.
 

HeXploiT

Diamond Member
Jun 11, 2004
4,359
1
76
Originally posted by: senseamp
Declining dollar is good for competitiveness of US goods overseas. That is why Japanese and Chinese aren't allowing dollar to fall relative to their currencies.

It's not good for the dollar in my pocket.
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
Good for American manufacturing
Good for multinational companies
Bad for American consumers
 

sandorski

No Lifer
Oct 10, 1999
70,505
6,050
126
Originally posted by: Stunt
Good for American manufacturing
Good for multinational companies
Bad for American consumers

Not sure if it makes any difference for Multinationals, but the rest seems right.

The falling $US is bad for the $US though. It makes it less attractive as a Currency for International Trade. If it loses that status it could decline uncontrollably and unexpectedly.
 

Lonyo

Lifer
Aug 10, 2002
21,938
6
81
If they are multinationals based elsewhere with heavy trading in the US, it's bad for them, if it's multinationals based in the US, then it's good for them.
 

lozina

Lifer
Sep 10, 2001
11,711
8
81
Originally posted by: senseamp
Declining dollar is good for competitiveness of US goods overseas. That is why Japanese and Chinese aren't allowing dollar to fall relative to their currencies.

And cancer is good for the medical industry. Here's to hoping for more Americans struck by cancer. :beer:
 

laFiera

Senior member
May 12, 2001
862
0
0
Originally posted by: senseamp
Declining dollar is good for competitiveness of US goods overseas. That is why Japanese and Chinese aren't allowing dollar to fall relative to their currencies.

and what goods does the usa make lately?
 

1EZduzit

Lifer
Feb 4, 2002
11,833
1
0
Originally posted by: laFiera
Originally posted by: senseamp
Declining dollar is good for competitiveness of US goods overseas. That is why Japanese and Chinese aren't allowing dollar to fall relative to their currencies.

and what goods does the usa make lately?

Wheat, corn, & soybeans comes to mind off the top of my head.
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
Originally posted by: sandorski
Originally posted by: Stunt
Good for American manufacturing
Good for multinational companies
Bad for American consumers

Not sure if it makes any difference for Multinationals, but the rest seems right.

The falling $US is bad for the $US though. It makes it less attractive as a Currency for International Trade. If it loses that status it could decline uncontrollably and unexpectedly.
Take any blue chip American company and most of their sales are outside of the US. This means their revenues are in foriegn currency, and when they are transferred to American dollars, it's a lot more. So for large multinationals, every 1% decline in the USD is a 1% increase in earnings (in USD). This inflates earnings and assuming a standard P/E mulitple for the company, will raise the stock price. I think a lot of the Dow's move has come from blue chip stocks being diversified outside of the US, taking advantage of the declining dollar and turning out large earnings growth.
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
To show that the diving USD is pretty much the only thing driving the US market right now, take a look at the Dow Chart and the USD Chart over the last 5 years.

The dollar had an initial drop from late 2002 until Jan 2004, the USD dropped 20%, meanwhile the Dow rose (after a one quarter delay - earnings schedule) 25%. Between Jan 2004 and Jan 2006 the dollar was basically flat but with a small dip in early 2005. The dip was an 9% drop in USD, but represented a 10% blip up for the Dow. Both were flat until early 2006 then after a short delay again after the USD started falling, the Dow started rising. The USD has dropped 15% since 2006, the Dow is up 27%. Keep in mind i'm comparing to the Euro which has its own currency fluctuations...but it's quite apparent what's driving the US stock market these days.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: Stunt
To show that the diving USD is pretty much the only thing driving the US market right now, take a look at the Dow Chart and the USD Chart over the last 5 years.

The dollar had an initial drop from late 2002 until Jan 2004, the USD dropped 20%, meanwhile the Dow rose (after a one quarter delay - earnings schedule) 25%. Between Jan 2004 and Jan 2006 the dollar was basically flat but with a small dip in early 2005. The dip was an 9% drop in USD, but represented a 10% blip up for the Dow. Both were flat until early 2006 then after a short delay again after the USD started falling, the Dow started rising. The USD has dropped 15% since 2006, the Dow is up 27%. Keep in mind i'm comparing to the Euro which has its own currency fluctuations...but it's quite apparent what's driving the US stock market these days.

So basically it is shorting the dollar.

Shorting of anything always results in the death of what is being shorted.

Does not bode well for the dollar or the U.S.

But of course this by design by Stunt's heroes the Republicans.

What exactly is this Agenda by Republicans for America?

Not one resident Republican U.S. or foriegn has answered that question.
 

K1052

Elite Member
Aug 21, 2003
50,128
41,106
136
Originally posted by: 1EZduzit
Originally posted by: laFiera
Originally posted by: senseamp
Declining dollar is good for competitiveness of US goods overseas. That is why Japanese and Chinese aren't allowing dollar to fall relative to their currencies.

and what goods does the usa make lately?

Wheat, corn, & soybeans comes to mind off the top of my head.

also cars, heavy equipment, medicine, telecom, aircraft, chemicals, general technology, etc...
 

jrenz

Banned
Jan 11, 2006
1,788
0
0
Originally posted by: dmcowen674
So basically it is shorting the dollar.

Shorting of anything always results in the death of what is being shorted.

Example #4965 that you are the most ignorant person on the face of the Earth
 

OS

Lifer
Oct 11, 1999
15,581
1
76
Originally posted by: 1EZduzit
Originally posted by: laFiera
Originally posted by: senseamp
Declining dollar is good for competitiveness of US goods overseas. That is why Japanese and Chinese aren't allowing dollar to fall relative to their currencies.

and what goods does the usa make lately?

Wheat, corn, & soybeans comes to mind off the top of my head.

airplanes
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: jrenz
Originally posted by: dmcowen674
So basically it is shorting the dollar.

Shorting of anything always results in the death of what is being shorted.

Example #4965 that you are the most ignorant person on the face of the Earth

Show me a stock that has been shorted and survived.

See my sig dave. Almost every public company on the face of the planet has been shorted at one time or another. That includes some of the strongest, like GE, MSFT, INTC. It's unbelievable that you are such a fricking moron, actually it isn't considering all of the crap you post. Some people are just so damn ignorant. Look at this taken from 247wstreet.com. Below are the short positions for June/July and their changes.

BANK (TICKER) JUNE JULY CHANGE
Bank of America (BAC) 48.7M 35.2M +38%
Wachovia (WB) 39.98M 31,88M +25%
Washington Mutual (WM) 47.99M 39.98M +20%
Countrywide (CFC) 51.4M 45.7M +12%
JPMorgan Chase (JPM) 33.64M 31.63M +6%.
US Bancorp (USB) 36.62M 35.42M +3%
Wells Fargo (WFC) 53.7M 51.8M +3%
National City (NCC) 34.04M 3.72M +1%
SunTrust Banks (STI) 7.04M 7.42M -5%
Citigroup (C) 27.17M 31.26M -11%
State Street (STT) 6.43M 13.8M -53%


You're telling me that every one of those banks is going to die?



What about these conglomerates???

General Electric (GE) 59.15M 59.90M -1.26%
3M Co. (MMM) 8.57M 9.95M -13%
United Tech (UTX) 9.13M 7.87M +15%
Textron (TXT) 1.26M 1.52M -16%
Brookfield Asset Mgmt. (BAM) 1.49M 1.00M +49%
Philips (PHG) 946K 995K -5%
Siemens (SI) 623K 1.02M -39%


OMG OMG OMG!!!!!!!!!!11111111!!!!!!!1111111

GE, 3M, Textron, Siemens, Philips, THEY ARE ALL GOING TO DIE BECAUSE PEOPLE ARE SHORT...AGGGHGHGHGHGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHhhhh
 

HeXploiT

Diamond Member
Jun 11, 2004
4,359
1
76
Shorting of anything always results in the death of what is being shorted.

It's not the shorting that kills issues it's that market makers working in conjunction with certain hedge funds that don't obey the guidelines to call. Shorts within themselves are not ones that do the damage. That's like saying guns are bad. It's not the gun it's the people behind them.
Furthermore probably every single company on every induce is shorted. It's just that the smaller the company the more impact hedge funds and shorts can have on that issue.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Originally posted by: jrenz
Originally posted by: dmcowen674
So basically it is shorting the dollar.

Shorting of anything always results in the death of what is being shorted.

Example #4965 that you are the most ignorant person on the face of the Earth

Show me a stock that has been shorted and survived.

See my sig dave. Almost every public company on the face of the planet has been shorted at one time or another. That includes some of the strongest, like GE, MSFT, INTC. It's unbelievable that you are such a fricking moron, actually it isn't considering all of the crap you post. Some people are just so damn ignorant. Look at this taken from 247wstreet.com. Below are the short positions for June/July and their changes.

BANK (TICKER) JUNE JULY CHANGE
Bank of America (BAC) 48.7M 35.2M +38%
Wachovia (WB) 39.98M 31,88M +25%
Washington Mutual (WM) 47.99M 39.98M +20%
Countrywide (CFC) 51.4M 45.7M +12%
JPMorgan Chase (JPM) 33.64M 31.63M +6%.
US Bancorp (USB) 36.62M 35.42M +3%
Wells Fargo (WFC) 53.7M 51.8M +3%
National City (NCC) 34.04M 3.72M +1%
SunTrust Banks (STI) 7.04M 7.42M -5%
Citigroup (C) 27.17M 31.26M -11%
State Street (STT) 6.43M 13.8M -53%


You're telling me that every one of those banks is going to die?



What about these conglomerates???

General Electric (GE) 59.15M 59.90M -1.26%
3M Co. (MMM) 8.57M 9.95M -13%
United Tech (UTX) 9.13M 7.87M +15%
Textron (TXT) 1.26M 1.52M -16%
Brookfield Asset Mgmt. (BAM) 1.49M 1.00M +49%
Philips (PHG) 946K 995K -5%
Siemens (SI) 623K 1.02M -39%


OMG OMG OMG!!!!!!!!!!11111111!!!!!!!1111111

GE, 3M, Textron, Siemens, Philips, THEY ARE ALL GOING TO DIE BECAUSE PEOPLE ARE SHORT...AGGGHGHGHGHGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHhhhh

Any one of the above or all can be the next Enrons, absolutely.

I predict first to die mysteriously will be Textron followed by United Technologies within first year that we get out of Iraq.

Banks - I'll be surprised if Countrywide survives till the end of this year followed by a Wells Fargo collapse by end of next year.


 

JD50

Lifer
Sep 4, 2005
11,836
2,635
136
Originally posted by: dmcowen674
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Originally posted by: jrenz
Originally posted by: dmcowen674
So basically it is shorting the dollar.

Shorting of anything always results in the death of what is being shorted.

Example #4965 that you are the most ignorant person on the face of the Earth

Show me a stock that has been shorted and survived.

See my sig dave. Almost every public company on the face of the planet has been shorted at one time or another. That includes some of the strongest, like GE, MSFT, INTC. It's unbelievable that you are such a fricking moron, actually it isn't considering all of the crap you post. Some people are just so damn ignorant. Look at this taken from 247wstreet.com. Below are the short positions for June/July and their changes.

BANK (TICKER) JUNE JULY CHANGE
Bank of America (BAC) 48.7M 35.2M +38%
Wachovia (WB) 39.98M 31,88M +25%
Washington Mutual (WM) 47.99M 39.98M +20%
Countrywide (CFC) 51.4M 45.7M +12%
JPMorgan Chase (JPM) 33.64M 31.63M +6%.
US Bancorp (USB) 36.62M 35.42M +3%
Wells Fargo (WFC) 53.7M 51.8M +3%
National City (NCC) 34.04M 3.72M +1%
SunTrust Banks (STI) 7.04M 7.42M -5%
Citigroup (C) 27.17M 31.26M -11%
State Street (STT) 6.43M 13.8M -53%


You're telling me that every one of those banks is going to die?



What about these conglomerates???

General Electric (GE) 59.15M 59.90M -1.26%
3M Co. (MMM) 8.57M 9.95M -13%
United Tech (UTX) 9.13M 7.87M +15%
Textron (TXT) 1.26M 1.52M -16%
Brookfield Asset Mgmt. (BAM) 1.49M 1.00M +49%
Philips (PHG) 946K 995K -5%
Siemens (SI) 623K 1.02M -39%


OMG OMG OMG!!!!!!!!!!11111111!!!!!!!1111111

GE, 3M, Textron, Siemens, Philips, THEY ARE ALL GOING TO DIE BECAUSE PEOPLE ARE SHORT...AGGGHGHGHGHGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHhhhh

Any one of the above or all can be the next Enrons, absolutely.

I predict first to die mysteriously will be Textron followed by United Technologies within first year that we get out of Iraq.

Banks - I'll be surprised if Countrywide survives till the end of this year followed by a Wells Fargo collapse by end of next year.

Dave, do you even know what shorting is? Do you realize that probably just about every single stock (besides pennies) has been shorted by at least one person at some point?

 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,344
126
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Originally posted by: jrenz
Originally posted by: dmcowen674
So basically it is shorting the dollar.

Shorting of anything always results in the death of what is being shorted.

Example #4965 that you are the most ignorant person on the face of the Earth

Show me a stock that has been shorted and survived.

See my sig dave. Almost every public company on the face of the planet has been shorted at one time or another. That includes some of the strongest, like GE, MSFT, INTC. It's unbelievable that you are such a fricking moron, actually it isn't considering all of the crap you post. Some people are just so damn ignorant. Look at this taken from 247wstreet.com. Below are the short positions for June/July and their changes.

BANK (TICKER) JUNE JULY CHANGE
Bank of America (BAC) 48.7M 35.2M +38%
Wachovia (WB) 39.98M 31,88M +25%
Washington Mutual (WM) 47.99M 39.98M +20%
Countrywide (CFC) 51.4M 45.7M +12%
JPMorgan Chase (JPM) 33.64M 31.63M +6%.
US Bancorp (USB) 36.62M 35.42M +3%
Wells Fargo (WFC) 53.7M 51.8M +3%
National City (NCC) 34.04M 3.72M +1%
SunTrust Banks (STI) 7.04M 7.42M -5%
Citigroup (C) 27.17M 31.26M -11%
State Street (STT) 6.43M 13.8M -53%


You're telling me that every one of those banks is going to die?



What about these conglomerates???

General Electric (GE) 59.15M 59.90M -1.26%
3M Co. (MMM) 8.57M 9.95M -13%
United Tech (UTX) 9.13M 7.87M +15%
Textron (TXT) 1.26M 1.52M -16%
Brookfield Asset Mgmt. (BAM) 1.49M 1.00M +49%
Philips (PHG) 946K 995K -5%
Siemens (SI) 623K 1.02M -39%


OMG OMG OMG!!!!!!!!!!11111111!!!!!!!1111111

GE, 3M, Textron, Siemens, Philips, THEY ARE ALL GOING TO DIE BECAUSE PEOPLE ARE SHORT...AGGGHGHGHGHGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHhhhh

Thank you.

Just about every stock on the NASDAQ and NYSE has been or will be shorted at some point. Hell even somebody with an IRA that writes a covered call is taking short position.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Originally posted by: jrenz
Originally posted by: dmcowen674
So basically it is shorting the dollar.

Shorting of anything always results in the death of what is being shorted.

Example #4965 that you are the most ignorant person on the face of the Earth

Show me a stock that has been shorted and survived.

See my sig dave. Almost every public company on the face of the planet has been shorted at one time or another. That includes some of the strongest, like GE, MSFT, INTC. It's unbelievable that you are such a fricking moron, actually it isn't considering all of the crap you post. Some people are just so damn ignorant. Look at this taken from 247wstreet.com. Below are the short positions for June/July and their changes.

BANK (TICKER) JUNE JULY CHANGE
Bank of America (BAC) 48.7M 35.2M +38%
Wachovia (WB) 39.98M 31,88M +25%
Washington Mutual (WM) 47.99M 39.98M +20%
Countrywide (CFC) 51.4M 45.7M +12%
JPMorgan Chase (JPM) 33.64M 31.63M +6%.
US Bancorp (USB) 36.62M 35.42M +3%
Wells Fargo (WFC) 53.7M 51.8M +3%
National City (NCC) 34.04M 3.72M +1%
SunTrust Banks (STI) 7.04M 7.42M -5%
Citigroup (C) 27.17M 31.26M -11%
State Street (STT) 6.43M 13.8M -53%


You're telling me that every one of those banks is going to die?



What about these conglomerates???

General Electric (GE) 59.15M 59.90M -1.26%
3M Co. (MMM) 8.57M 9.95M -13%
United Tech (UTX) 9.13M 7.87M +15%
Textron (TXT) 1.26M 1.52M -16%
Brookfield Asset Mgmt. (BAM) 1.49M 1.00M +49%
Philips (PHG) 946K 995K -5%
Siemens (SI) 623K 1.02M -39%


OMG OMG OMG!!!!!!!!!!11111111!!!!!!!1111111

GE, 3M, Textron, Siemens, Philips, THEY ARE ALL GOING TO DIE BECAUSE PEOPLE ARE SHORT...AGGGHGHGHGHGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHhhhh

Any one of the above or all can be the next Enrons, absolutely.

I predict first to die mysteriously will be Textron followed by United Technologies within first year that we get out of Iraq.

Banks - I'll be surprised if Countrywide survives till the end of this year followed by a Wells Fargo collapse by end of next year.

Yeah, Textron isn't involved in dozens of other industries, as with UT. Countrywide will survive as will Wells. Naturally you'll sit there saying that's wrong, but everybody knows you're a moron anyway.
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
Originally posted by: dmcowen674
So basically it is shorting the dollar.

Shorting of anything always results in the death of what is being shorted.

Does not bode well for the dollar or the U.S.

But of course this by design by Stunt's heroes the Republicans.

What exactly is this Agenda by Republicans for America?

Not one resident Republican U.S. or foriegn has answered that question.
Yeah, if you think the dollar has more downside; invest in large multinational blue chips stocks based in the US. Similarly you can invest in other markets like Canada to perserve the value of your investments. Of course currency markets are very volitile and predicting them is difficult.

I don't think it's a horrible thing to have a lower currency value as a lot of manufacturing is going south to the US from Canada. Within the last year, manufacturing jobs have declined by 11%, mostly because of the currency valuations. It is really hurting the American consumer though; fortunately China who is becoming the US's biggest trading partner is keeping their currency low too. This means their goods aren't more expensive for Americans.

Every time you direct a post towards me, you call me a Republican which couldn't be further from the truth. I support an isolationist policy, minimizing government spending, and social liberal views. I disagree with almost all of the Republican platform and track record.

The Republican agenda is the corporate agenda...period. Whatever is best for American business, the Republicans will push for it. That's why you see today's "conservatives" putting tarriffs on some Canadian goods, even though there's a free trade agreement. That's why you see the US invading other countries; access to their markets and resources. That's why you see crazy domestic spending; it's not going to social assistance, it's going to corporations for pork projects like the alaska bridge, etc. Republicans take pro-family positions and don't want people to have abortions because they want more people. More people means more consumers, more revenues, more global power. That's why they aren't moving all that fast on immigration; why eliminate the nation's only source of population growth. Illegal immigration will drive the US population to 450m by 2050; they will be the only reason the US will be able to hold on to it's superpower status. Also since these people are making next to nothing the economy is very robust because there is no minimum wage, employment is maximized and with time their standard of living will be raised to the same level as the rest of the country (just like west germany did when it absorbed the poorer east germany). There is a limit to how much GDP you can generate with a fixed number of people; for the US to thrive it really does need population growth and illegals will provide the most potential growth in GDP looking forward as they come to the US with nothing. You could argue about the cost of social programs to the country...but remember the republicans don't support publicly funded social security, they are pushing private schools and healthcare. That's my honest opinion of the Republican dream.