currency guesstimates

[RainDog]

The dollar hit 1.52 Euro yesterday. The housing bubble isn't over. From reports I've seen in the news, things are hard all over for ppl whose jobs have been outsourced. Bush is still in office. Still trying to make up some reason to invade Iran.

Are we just about at bottom? someone on a financial tv show said he thought it would get to 1.55 by summer. I don't know. Maybe if the primary is decided soon, that will improve confidence? Unless Bush does yet another stupid thing?

I wonder what you all thought.

[Tandalayo_Scheisskopf]

1. If I had any money to play with...

I would be shorting everything in sight, including the sheets. I don't think we are anywhere near a bottom. Too much denial in places like Wall Street and Washington DC.

[RainDog]

2. my kids have some euro trav. checks

and, tho I'm probably wrong about this, it appears the value of them has increased by 50%. Could that be possible? I did a currency conversion and that's the diff. b/t the two. They've had them for a while... thought they were going to visit family members but didn't happen.

[bhikkhu]

4. 50% is about right. The dollar has crashed vs the Euro. n/t

[zonmoy]

3. we just hit the edge of the cliff.

now for the real fall to our doom.