US Dollar Weakness Impacting My Short Oil Position

Tuesday, October 13, 2009

The US Dollar is extremely weak again in this early trading. I think this is the biggest threat for my oil short position today.

How this dollar weakness is going to affect stocks and bonds, I am not sure yet.

But this is a very big move in a few days and that video about the off balance sheet losses by the Federal Reserve is one of the reasons behind this move.

It seems like I will have added pain in the oil position but I am not sure about the S&P. Lets see how the session unfolds.

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