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S&P 500
5,554.13
(
1.07%
)
US TECH 100
18,724.40
(
2.06%
)
Dow Jones
40,861.71
(
0.31%
)
Brent Oil
70.63
(
0.16%
)
Bitcoin
57,923.94
(
1.01%
)
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Ace Hanlon

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Ace Hanlon

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Sunday, 05/11/2003 8:10:07 AM

Sunday, May 11, 2003 8:10:07 AM

Post# of 704019
Is the dollar/stock market relation changing fundamentally? This latest stock rally -- fueled by an obvious Greenspan put for bonds -- has been accompanied by a plunging buck.

My suspicion is that the next stock correction will be accompanied by a rising buck as market participants worry that the dollar has dropped too much for Greenie to maintain his bond put much longer.


Gold stock longs hoping for a big rally when US stocks turn south might be in for a major disappointment


“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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