Monday, August 6, 2007

Maine $treet

August 6: The beginning of the end? Will Ben save the markets by cutting? Or is the financial mess caused by derivatives too far gone to save?

I currently hold a position in ROCM since it seems to be ignoring the panic. The biggest beneficiary of the cutting will be gold. The $USD as we speak sits at final support before breaking to an all-time low. What can a dollar buy these days? Not much.

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