Give me liberty
05-02-2008, 06:25 AM
http://online.wsj.com/article/SB120969769620661967.html?mod=googlenews_wsj
AmEx, Home Depot
Rise on Strong Dollar
A reversal for oil and strength for the dollar helped financial and consumer stocks lead the market to levels not seen since early January, while an earnings miss helped send down shares of Exxon Mobil.
Stability in the dollar Thursday stemmed from a report that consumer spending picked up in March by 0.4%, double what was expected. Moreover, the April ISM Manufacturing Index fell less than expected, though it still signaled contraction.
http://www.chron.com/disp/story.mpl/ap/fn/5748483.html
The dollar continued its gains against the euro Friday following signals from the U.S. Federal Reserve that its run of interest-rate cuts may be over for now.
.....
But my question is for how long will this trend continue? we will remember when the last time the FED came in and made another Rate cut dont we?
Since then the first month was good for the dollar but when the second month came by thats when the dollar started falling down again.
Its not long before the great dollar will eventually crash, but question is why would it crash? well its because the FEDs are printing to much money.
So what do you guys think? how long will this continue.
AmEx, Home Depot
Rise on Strong Dollar
A reversal for oil and strength for the dollar helped financial and consumer stocks lead the market to levels not seen since early January, while an earnings miss helped send down shares of Exxon Mobil.
Stability in the dollar Thursday stemmed from a report that consumer spending picked up in March by 0.4%, double what was expected. Moreover, the April ISM Manufacturing Index fell less than expected, though it still signaled contraction.
http://www.chron.com/disp/story.mpl/ap/fn/5748483.html
The dollar continued its gains against the euro Friday following signals from the U.S. Federal Reserve that its run of interest-rate cuts may be over for now.
.....
But my question is for how long will this trend continue? we will remember when the last time the FED came in and made another Rate cut dont we?
Since then the first month was good for the dollar but when the second month came by thats when the dollar started falling down again.
Its not long before the great dollar will eventually crash, but question is why would it crash? well its because the FEDs are printing to much money.
So what do you guys think? how long will this continue.