MacroVoices #323 David Rosenberg: The Fed Put Has Expired
Macro Voices
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Is the Dollar Uptrend Going to Be Confirmed?
The prevailing down trend is still currently dominant, and we have to respect that. What you're seeing now is a methodical sell off in the dollar index on page five. The yen has not participated in this, but the uro made the big breakdown. There's plenty of room if we see that emotion come into the stock market and we get an outright crash. I think there's lots of room for old school wisdom when it comes to oil prices.
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