DOW 0.87% $5.71 downer edi limited

Hi Rolladex,Could you please share your thought on why you don't...

  1. 1,823 Posts.
    lightbulb Created with Sketch. 172
    Hi Rolladex,

    Could you please share your thought on why you don't buy the US collapse theory?

    My simple thoughts: Regardless of the fact that the USD is constantly being debased via the Fed's mass printing, it continued to enjoy the support from those who seek 'safe haven'. So every time 'investors' are fearful and they hide themselves under the 'safety' of the USD they push the USD up and everything else down. This in turn make commodities, oil, etc look attractive to the biggest holder of the USD (China). When things look attractively priced China will scoop up some bargains and prices will go up again and the cycle repeats.

    Unlike Greece, the US will continue to be able to sell USD debts because it is still THE reserved currency, the 'safe haven' where people run to.

    Would love to hear your thoughts.
 
watchlist Created with Sketch. Add DOW (ASX) to my watchlist
(20min delay)
Last
$5.71
Change
-0.050(0.87%)
Mkt cap ! $3.626B
Open High Low Value Volume
$5.82 $5.85 $5.71 $3.075M 533.9K

Buyers (Bids)

No. Vol. Price($)
5 23129 $5.71
 

Sellers (Offers)

Price($) Vol. No.
$5.76 1925 2
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
DOW (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.