CAD vs USD
Some time ago (month, month and half) I sold some US stocks and put money into US MM. So far this is one of the best of my investments.... was planning to buy some US stocks, but still hasitating... what do you think CAD will raise in close future vs USD?
USD will go opposite of the US markets, so you're hedging your gains or losses, being a canadians anyways. I hear folks saying that people have been fleeing from the euro to the USD lately...
CAD and USD
DX ( USD) futures: The low on this will be 51-41 into 2012/2013
CAD will reach 1.49 or 1.59 by the same time frame.
Never make your stock decisions based on the currency.....you been listening to too many fools called money managers, gurus, mutual fund managers etc. who tell you to diversify and all bs startegies. When they never did it with their own money....why listen to them. The worst are the CFA's...they know shit.
Buffet never bases his decision on currencies when he goes to invest in a market. Nor does he use any of the metrics taught in the MBA schools, CSC courses, CFA' programs...this is all bs....keep the sheep still sheep.
I trade like buffet..buy low sell high, sell high buy low. The only way you know something is low or high is to trade it and get to know it and see a long term chart.
And I have buffet psychological mental capacity. When I see it all crashing...I love it....more to buy...when I see it all high I love it...more to sell.....like having harems at both ends.....what can be better....fine scotch.
So emotional IQ is more important than raw IQ.....and all who work on Bay street have raw IQ and titles..but no testomonies in making THEIR OWN MONEY WITH THEIR OWN MONEY.
NOw you should be fooled anymore...but the devil will try..for how else does he always win and YOU lose.
just read that if the swiss are successful at debasing their currency (many doubt they will be) then we will see a flight to the us dollar
How would the Swiss fail to cap the value of the currency? It is certainly possible--look at China. You just need to print Swiss Francs and buy foreign currency. They might have side effects in terms of higher inflation, but no one can outgun the Swiss central bank in its attempt to cap the value of the currency.
Central banks certainly can do all of these things.
Originally Posted by andrewf
However, in a case like this where the currency in question is seen a safe haven, they are up against very strong market forces.
It becomes a tug-of-war between the central bank and the world currency markets.
In the end, the central bank will have to stop because they could end up hurting the local economy more than they intended.
In the case of CHF, they have decided to tie themselves to an endangered currency (EUR).
The EUR could take them down with itself.
Buffet buys 'exceptionally low' aiming for a margin of safety, and never sells. Buy and Hold, not 'trade'.
Originally Posted by Goldfinger
King Tut...You do not know Buffet
Buffet sold out in 1966 and near if not exactly at the high of 1000 on the Dow.
This was his first partnership...prior to Berkshire Hathaway which he started in 1969 and he went full gusto in 1973 onwards buying stock.
King Tut..you are a fool....because you do not know Buffet. You seem to quote him..but you do not know his history. For if you did, you would know Buffet was/is a great market timer and he one metric only...which he is not going to tell YOU suckers.
He will cash out again....I know when...but you fools are too stupid to get it...for you too stupid to understand Buffet. YOU know him since 2000...you have to know him from 1956!!
"Sheep will always be Sheep." But rebels..will always be winners...for the future is TOTALLY OPPOSITE TO WHAT YOU KNOW AND READ NOW....check history for the facts....
That is why China and India will go to zero.....and I know when.....but before the boom and make NA poor except the stock market etc...more debt, boom and bust...
I can easily fix America and I need only 1 year. I KNow who to kick out of the country...what his happening to America happened to Europe and then Germany from 1900 ( 2000) to 1932 ( 2032 ).