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Question: Can Obama/Biden repair 30 years of Republican decline in the US Dollar?
Currency is a vote by the world on your country every day.
So what gives with the dollar’s advance?
Exactly what was expected when Biden ushered in a new Democratic administration.
The great thing about charting the markets is the charts do not lie.
After all, charting, also called technical analysis, got going in earnest after the crash of 1929 when traders and investors realized there had to be a way to counter the disinformation and dishonesty of the 1920s bull market.
And while “irrational exuberance” was coined by Alan Greenspan in the modern era, it was not born yesterday. It has been part of every financial market in history.
Charting records what is happening in all financial instruments — stock, bonds, currencies — in order to reveal what is happening in real time no matter what any insiders are doing, no matter what any pundits are saying, no matter what earnings matter or don’t matter.
The markets are always fluctuating between fear and greed and time.
Technical analysis measures the fear and the greed but most of all it also keeps the time.
Whenever I’ve spoken to investment clubs, I ask the members first thing are they traders or are they long-term investors. Always they say in for the long term I assume because…