Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: ild who wrote (20333)	1/4/2005 4:47:40 PM
From: yard_man	Read Replies (2) of 116555

I may need to read that again -- did he say why we have this anti-correlation between the USD and stocks?? Unless this is all a domestic, debt-driven effect, I don't understand ... When the dollar falls -- sure exports become more competitive -- but how important is that for most companies?? And when the dollar falls foreigners are getting hammered again -- heck they've made nothing for the last few years in the S&P -- unless they live in China?? Who is the marginal buyer when the dollar falls?? Who is the marginal seller when the dollar rises like it did today?? I think we might be seeing a reverse January effect here -- folks not wanting to be taxed on gains until this year??

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