Today is Thanksgiving. After looking over the movement in the international exchange rates over the past three days, and going to some of the lesser known money sites, I have the feeling that we are in a pivotal period.

The statement by the Fed about maintaining low (near zero) interest rates is reaching the world markets. We may be at the beginning of the new "bubble". Uncharted waters. Japan has indicated that they may not buy US debt to support their own productivity. The Vietnam dong was devalued. Gold is in a very nervous mode. Oil is fluctuating wildly as the derivative market plays Russian roulette. Dollar down, oil surplus up. All in a low volume week.

Despite the gloom of a low employment, the U.S. has seemingly settled in to a period of nervous calm, as the people slowly catch up to the new way of life.

Since the Stock Market is a function of the investment community, the current rumblings of international monetary exchange may well trigger a tsunami of margin based trading, and an attempt to benefit from the changing money positions of the world community.

The word is "panic".

It could blow over, and we should hope it does. You may want to watch the money movement Here.