November 5, 2007
Bundchen, Avoiding Dollars, is No Dumb Blonde
Supermodel Bundchen Joins Hedge Fund Managers Dumping Dollars
“Gisele Bundchen is insisting that she be paid in almost any currency but the U.S. dollar … When Bundchen, 27, signed a contract in August to represent Pantene hair products, she demanded payment in euros … She’ll also get euros for the deal she reached last October with Dolce & Gabbana SpA in Milan to promote the Italian designer’s new fragrance, The One.”
I’m with Gisele, but the US dollar’s fall should reverse or at least slow here for a bit. You can see from the weekly chart of the Dollar Index that it’s pretty far stretched. When you get articles where everyone (unsexy billionaires Gross and Buffett, semi-sexy centimillionaire Jimmy Rogers, and very sexy centimillionaire Bundchen) is negative on the dollar, then you should be looking for a short-term bottom at least.
November 5th, 2007 at 11:07 am
CM, if the dollar slows its tumble, how does it affect gold? Of course having a rate cut doesn’t make $usd any more attractive.
November 5th, 2007 at 11:24 am
BL: I guess it would slow gold’s ascent, though I’m looking for much higher gold… plan to post a chart in a minute. The Fed signalled that it’s done cutting rates for the meantime so that should also help the dollar stabilize here … the problem is it’s in technical no man’s land so there’s nothing to support it.
November 5th, 2007 at 4:26 pm
at least you can say, that below 80, price action has gone parabolic…sign of a sell climax
November 5th, 2007 at 4:47 pm
Peter: I’m not sure if I’d characterize the move as parabolic (which is a good description for Chinese stocks), but it’s stretched for sure… and then we have to consider Gisele’s bottom. ;-)
November 5th, 2007 at 5:30 pm
yes, this…and the announcement made by jim rogers of shifting assets out of the usd… (-:
November 6th, 2007 at 6:28 am
C. Maoxian said:”… and then we have to consider Gisele’s bottom. ;-) ”
I think I would be paying more attention to Vida Guerra’s bottom, no offense Gisele. ;-)
November 6th, 2007 at 9:50 am
pancho: Vida who? Please link to her relevant documentation so that we can study her bottom line.
November 6th, 2007 at 2:45 pm
Mao…..google, it’s a wonderful thing…..relevant info: Guerra was voted Number 26 in “F.H.M’s Top 100 Sexiest Females” of 2005 and has twice been named the winner of the magazine’s “Best Butt Award”.
November 6th, 2007 at 3:17 pm
pancho: Google, yes, I know, but I figured you have a direct line on her portfolio and I wouldn’t have to hunt and peck. “Best Butt” award, eh? Nice thing to have on one’s resume.