Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: ahhaha who wrote (80597)	6/18/2002 2:33:59 PM
From: t2	Read Replies (2) of 99280

In this era a falling dollar is bullish for American stocks. It takes some thinking outside the box in order to see that. I guess that's too contrary for those who are fixated with the past, and we all know how much Wall Street rewards such fixation, since it spends so much time discounting the past. Very interesting points. I had thought we would get a modest rally in stocks (large caps) and a bit of a selloff in bonds recently from this dollar weakness. For some reason, the markets have not played out that way in the past few weeks; so I wonder whether it is just better to go with the flow. I am a nervous long here and considering selling a bit to protect yesterday's gains. The dollar drop is making the mood more negative it seems. That is the way the market sees it. The one thing that could make a difference is asset allocation changes out of bonds and into stocks. I believe bonds are a worse investment than stocks in a falling dollar environment but it seems the market does not agree.<g> Dollar dropping is also obviously good for metals such as gold, silver.

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