Re: Anyone Else At The Panic Point On The Dollar?
If everyone already knows that the dollar is going to get weaker, the price would already be at that weaker level. For every person who sells a dollar, there has to be someone on the other end who is buying. If we all know its going weaker who is going to be buying? In 2005 for example, the US was still the same debt machine that it is today, but the dollar had a pretty good bounce. If that happens in 2008, and you buy today you'll be screwed.
The point is, no one really knows. Its good to stay diversified.
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