Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: robert b furman who wrote (10513)	9/28/2010 11:20:03 AM
From: Hawkmoon	3 Recommendations Read Replies (3) of 220694

Seems like buying a stock market at a bottom when the currency also bottoms would be the ultimate ride up in real money profits?? It would seem so, but I think in this market where we were so close to the edge of a H&S breakdown, and with retail investors bailing out of their equity mutual funds, the only way to make it go up is to make the dollar go down. Effectively, when taking in the recent decline in the dollar, the markets haven't really gone up much at all. The dollar index was at 88 back in May, when the Flash Crash occurred. It's now at 79, or a bit more than 10% decline: fxstreet.com The S&P hit 1040 in May and has been climbing back ever since, as the Dollar index has fallen over that same period of time. It's currently up about 10% from that low. Coincidence? So in real value terms, the markets haven't gained anything. Hawk

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