Tuesday, June 17, 2008

The Dow and Dollar Walk the Same Line

Today we received even more evidence the dollar is not immune to risk.

Stocks got clobbered today for a host of reasons – name your poison and stocks have suffered. Lately the dollar and the stock market have been moving closely together. Higher stocks equal a higher dollar and vice versa.

Is a test of the dollar lows in the cards? The run back into gold and continued move in commodities looks like it could be a safe haven. Stay tuned!

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