Replies to post #366174 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Our dollar is not being devalued against the Chinese currency, at least for now, and any revaluation of the Yuan will not be sufficient to change the competitive labor advantage. The issue of the dollar is against the Euro, and frankly, with the problems Europe ("old Europe") is having, I don't think the dollar has much more to go. By the way, talking about the dollar, I should mention that with crude challenging $55, there might me a serious respite in that commodity (maybe as low as to the $45/$48 area), which will add the the "goldilock" economy scenario, further supporting stock for few months, even if the monster of the Dow XOM gives back half of its advance this year (CAT and MMM will probably compensate).

[choad]

tantal I can only speak for myself in ' how are small businesses faring' Business is at a torrid pace and I see no let up for the foreseeable future. It must be pointed out that my little business would be comparable to a pin prick oin the posterior of an elephant. I better get to work or the crew might fire me, that's a sweet thought! LOL