Replies to post #105762 on Zeev's Turnips Patch-No Politics (ZEEV)

[conelda]

since when does MMM move inversely to the market???

[dave_s]

DOLLAR "STRUCTURALLY SICK"

But analysts said the euro buying trend is not likely to slacken any time soon.

'The dollar is structurally sick. Global capital has nowhere but to go to the euro. The euro will keep rallying but that will put Europe into trouble,' said Stephen Jen, chief currency economist at Morgan Stanley in London.

The dollar suffers not only from low U.S. interest rates, but also from a $500 billion trade gap that sends more cash abroad. A sluggish economy and sputtering financial markets are not attracting enough capital to raise demand for dollars.

Meanwhile, the dollar fell to 4-1/2-year low of 1.3089 Swiss francs.


http://biz.yahoo.com/rb/030508/markets_forex_6.html

[allsmall]

zeev what is in the core these days?