The advantage we have is, away from the city, we're talking to real people. We talk to farmers about hedging and forward contracts concerning oil and currencies and that reminds us that there are real people using the markets. In London, you don't see your neighbors for dust.
They saw the deficits widening, and saw no reason to think the dollar wouldn't drop. In fact, the U.S. economy was beginning to look stronger, and that helped the dollar.
Six thousand is the congestion zone from when we started collapsing. Everybody is thinking it was a big psychological level on the way down, it's going to be a big psychological level to break on the way up.
We found beer was costing more than 50 percent more in Europe than in the U.S.. That really helped confirm our view that the dollar must strengthen, especially against the European currencies.
People are willing to hold dollars. People are coming around to the view that the Fed is going to keep raising rates.
