Monday the 24th....

[ShelladyOptions]

Here we go again, but not quite.

The dollar is storming ahead while the Euro continues its decline. Of course, the $ index and Euro most likely will move in opposite directions but the directions today are fairly substantial. It is not going to ease any fears in the volatility markets unless the US stock market bucks the trend. Early indications are that it will not.

While the strengthening dollar and Euro-contagion will have traders on their heels today, it was interesting to note that as the days and weeks go by, the $ index and the stock market slowly but surely have begun to show signs of acting independently. Roubini may be right but some small, early economic indicators show that the economy is moving forward. How fast and what affect the Euro has will be the biggest question that remains unanswered.

Scott

[eurofarmer1755642]

Hi

The 3 big,Fr Ger and and UK are competing in how to cut public spending.

Germany are going to show the world that this is possible and not just talk,

UK will take some measures to but much smaller and France is going to discuss the task very close.

I have not much hope and shorted euro today....right now in black

[teaspoon73]

   eurofarmer, How much lower do you think the euro will go? Heard a large bank in Spain was taken over instead of closing the doors. Are things going to start snowballing downhill?

[ShelladyOptions]

I believe that things could get worse. Much worse. Or, they could get better, much better. Whichever is the case, I would rather it happen sooner rather than later and faster rather than slower.

This talk of gloom and doom is starting to get boring.

During the great depression, some business were started, some houses were built and some roads were paved. Granted, there were a lot of ugly things that happened but nothing is all one way. The 25% unemployment rate also meant that 75% were still employed. Maybe there will be some unintended consequences from the currency fluctuations and a stock market debacle. Maybe a new technological innovation will open more doors than are shut and maybe, just maybe, the sun won't explode. If we make that bet, and the sun actually does explode, what do the winning traders win? How about nothing.

Now that's a lot of upside.

[ShelladyOptions]

Please don't take any of the above comments personally. They are not intended as a reply to anyone or anything on this website in particular. They are just my musings from the view down here on the CME floor and my recent travels to Wall St.

Things have gotten out of whack. Things clearly need corrections, regulations and interventions. They will all come in due time.

In the meantime the weather is good, summer is upon us, and we have gotten off to a good start in the grain world. Let's see if we can at least keep that up.

Scott

[Palouser]

"Things clearly need corrections, regulations and interventions. They will all come in due time."

Don't hold your breath - if the wheat pit is any indication.