[PYenner]

To me Fx seems out of whack, GBP and EUR too high, USD and JPY too low.
British Government complains GBP is overvalued, then GBPJPY etc keeps going up.
Swap rates should not have that much influence, so why?

[darthtrader]

i also wonder at this point how much money is flowing in to US mutual funds from people that can change their own 401k mix. I finally convinced my father to go to a financial advisor as his "strategy" in his 401k was basically to chase whatever was up alot. I know if he had not done that he would be shifting his mix to US funds right now without question. Seems like everyone i know at this point can tinker with their own 401k mix and i'm sure 90% of people that do that are going to be chasers.

[brownsfan019]

Originally Posted by darthtradar »

i also wonder at this point how much money is flowing in to US mutual funds from people that can change their own 401k mix. I finally convinced my father to go to a financial advisor as his "strategy" in his 401k was basically to chase whatever was up alot. I know if he had not done that he would be shifting his mix to US funds right now without question. Seems like everyone i know at this point can tinker with their own 401k mix and i'm sure 90% of people that do that are going to be chasers.

Excellent point darth. As long as the 'dumb money' continues to flow into the US markets, we'll keep trying to push higher.

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[darthtrader]

hey brownsfan, i take you post on elitetrader under the same name? i think i ran across you in a thread today.

as far as dumb money goes... take it as an omen that i'm even talking to you here. i started out 2 years ago as a silver/gold bug. Still have my silver bullion i bought then, yet i found my way here and talking to you guys with real experience.....

[brownsfan019]

darth - yes, I have the same name over at ET as well. Just easier to keep track.

I think you brought up some great points to consider in your posts, whether done on purpose or not. Sooner or later this steam will take a breather or even 'correct' some, which is what the bears have been begging for. You especially see that thinking over at ET. Time will tell when that correction will come.

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