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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (21626)7/29/2009 1:38:30 PM
From: RockyBalboa  Read Replies (1) of 71426
 
ECB PPT indeed, this is a miracle, but evidently Volkswagen is again influencing the Dax, indirectly. It fell alot, like 6% since players sold it and bought Daimler and BMW instead of.

But since Vw is hardly represented anymore in the Dax, only the rising stocks (BMW, etc...) count. This alone should have gained the Dax 40 points or so.

Wll if the market loses its stability, like last year, there will be a lot of fallout in the currency. The ECB is unhappy with the euro price for a time anyways and it required lots of dollar selling to support the Eur level, if players are overleveraged and too short the dollar, then a cave-in like last year could be possible any day.
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