InvestorsHub Logo
icon url

Frank Pembleton

05/18/03 7:22 PM

#108798 RE: mlsoft #108796

it seems to me as long as the market keeps moving up-- the dollar will continue to drop. vice versa? They could very well support the buck as the market begin to tank.
icon url

Joe Stocks

05/18/03 7:23 PM

#108799 RE: mlsoft #108796

Mlsoft, See my last post. Seeing the degree that Greenie would manipulate the stock market I would not be surprised that the falling dollar is not part of a scheme to then come in and save it. Basically putting a floor on the dollar as he has on stocks.

icon url

punkle

05/18/03 7:47 PM

#108801 RE: mlsoft #108796

It will be nice to see you joining us back on the short side mlsoft. Let's see what the USD does overnight.
icon url

Fletch

05/18/03 8:49 PM

#108807 RE: mlsoft #108796

Reuters
Japan Stocks Lower After Resona Rescue
Sunday May 18, 8:17 pm ET

TOKYO (Reuters) - Japanese stocks opened lower on Monday with Mitsubishi Tokyo Financial Group and other banks falling after the government had to move over the weekend to rescue Resona Holdings Inc.The government said after an emergency meeting on Saturday that it had agreed to throw a life-line to Resona after Japan's fifth-biggest bank said its capital adequacy ratios had fallen below legal limits needed to stay in business.
The key Nikkei average was down 21.72 points or 0.27 percent at 8,095.57 as of 0005 GMT. Shares in Resona were ask-only with a glut of sell orders at 48 yen, down 10 yen or 17 percent from the previous close.
The broader TOPIX index was down 0.5 percent at 815.08.
http://biz.yahoo.com/rb/030518/markets_japan_stocks_3.html

Sell in May and go away?
Fletch