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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (59283)3/8/2004 9:43:16 PM
From: Steve Dietrich  Read Replies (1) of 64865
 
I'm having trouble figuring the weak dollar.

My initial reaction was that it's inflationary and would lead to foreign investors leaving our markets and would therefore be a negative for the market.

But it seems the market prefers the weak dollar: corporate profits up, trade deficits down, and an implied weakness in the US economy which would keep rate hikes further down the road.

Steve Dietrich
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