Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (427)	7/3/2001 10:12:14 AM
From: craig crawford	Read Replies (1) of 1643

Dollar strength is not a problem marketwatch.com By Joseph V. Battifaglia, CBS MarketWatch.com Last Update: 11:38 AM ET July 2, 2001 NEW YORK (CBS.MW) -- There is a new challenge to the case for U.S. equities. The persistent strength of the dollar, which is up 10 percent year-over-year on a trade-weighted basis, has raised concern that exports will sag and overseas results will be impaired. I do not believe that the dollar's strength is a new problem or a liability. In fact, I believe that a strong U.S. dollar is a valuable asset for the long run performance of U.S. based financial assets - particularly equities. In the near term, I believe the dollar's recent performance points toward improving conditions in the U.S. economy relative to the rest of the world.

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