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To: nspolar who wrote (94693)4/12/2004 9:55:54 AM
From: JRI  Respond to of 209892
 
(Speaking in a vaccuum here...not literally g) If you were the Fed, or stock pimpers, why wouldn't you gladly accept a Dow that is up overall nicely (vs. a Dow in Euros that hasn't shown much progress). Who really notices (or cares) about the Dow in Euro chart (if you live in US)?

Sacrifice the dollar to keep the Dow up and smiling? Why not? Hasn't our financial and political history taught us the short-term solutions are usually the ones chosen? It seems clear that the bubble defusion devices are the dollar and the housing market. I'd be doing the same thing if I were Greenie ng Play for time, and hope you come up w/something brilliant (after this) down the road..

As it pertains to trading, I think the Dow/US dollar chart (much) more relevant..