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Strategies & Market Trends : The Swamp

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To: Condor who wrote (327)8/8/2008 8:05:42 AM
From: SwampDogg   of 491
 
A higher buck lowers the profitability of multinationals
It lowers the ability of foreigners to buy housing or invest in bombed out financials
It makes the debt that needs to be paid off even larger
If "hot" money is going into tech they are going into an area that will have reduced profits due to a stronger buck...oops

It looks like oil wants $110ish. Energy stocks are already stabalizing and gold stocks are as well but this is the level to watch for a strong rally in the commodities themselves. Today will be interesting. Will we get the hammer?
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