Friday, October 16, 2009

Sumitomo predicts US Dollar index to 50

Quote from trader Isam Laroui - In my humble opinion, as a prediction this ranks up there with Dow 30,000. Coming after a prolonged USDJPY decline it could also be a decent contrarian signal.

Quote from analyst Ian MacAvity - That forecast is, to be polite, slightly off the top of any lunacy scale I'm familiar with... but it does give me a fun slide to work with in a talk next week!

Here is Ian's chart.
Quote from Ricky Riccardo - It's redic-u-lus!

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