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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (89935)8/26/2009 1:23:13 PM
From: Real Man  Read Replies (2) of 94695
 
Who knows, for now it does, but things do change. While
it made sense before (it rallied due to recession spreading to
Europe), now it makes little sense (it rallies due to upside
surprise in economic recovery data in the US), other than
stressing the carry trade, like Yen did in the past. Overall,
everyone is close to ZIRP these days. -g-

In late 2007 and until Summer 2008 the dollar dropped with
stocks, but when US recession went global, it rallied. In other
words, the big buzz about dollar and stocks being
anticorrellated is just that - buzz. Correlations change.
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