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...
Showing posts with label fed. Show all posts
Showing posts with label fed. Show all posts
Tuesday, October 20, 2009
Monday, October 19, 2009
Minnie Mouse, the Market, and the Dollar
Is this seven month stock market rally the real deal? Does Dow 10,000 reflect improved corporate earnings, a rebounding economy, record low interest rates and trillions of sideline cash? Or, is it no more legitimate than the current homerun record? The doubters tell us that the market
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