Tuesday, October 20, 2009

The Dollar and Today's Market

The dollar/market relationship I wrote about Monday (dollar up/market down & vice versa) is clearly playing itself out today. In spite of very good reports from Google, etc., stocks look to be giving back a little ground.

The "experts" will site the disappointing housing starts number (which shows stabilization, but not rapid growth of late), and while that may be part of it, clearly today's strengthening of the greenback is giving the market a (albeit slight) headache.

Go to Monday's commentary - "Minnie Mouse, The Market and The Dollar" for a more thorough explanation of the current state of our currency and it's short and long-term implications...

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