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S&P 500
5,422.36
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US TECH 100
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-1.62%
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techcharter

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techcharter

Re: None

Thursday, 05/13/2010 4:42:21 PM

Thursday, May 13, 2010 4:42:21 PM

Post# of 51819
USD Blastoff

Today's close was above the print high of last week's Greek crisis. The currency market has not been calmed by the bailout. Here's something to consider: if the Euro Central Bank has placed bond vigilanties under close watch, are the bond vigilanties becoming currency vigilanties? The ECB can't buy their own currency to support it with freshly printed Euros or loans like they plan to do with sovereign debt.

Since prices of tresuries AND gold AND the USD are rising, there is more of a flight out of Euros than a flight out of dollars.

http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=6&dy=0&id=p84662822321
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