More Currency at 2005-11-12 20:28:49
On my way down to Phoenix I heard Bob Pisani talk twice about the strong dollar. The logical question is does this mark a top, intermediate or otherwise?
Part of the attention is coming from Warren Buffet who is unwinding his bet against the dollar.
The dollar has had a very strong move. That the move is getting a lot of attention on CNBC now is interesting. The issues that confront the US point to a weaker dollar long term, from the category that's just how markets work. However this just creates an expectation. Expectations do not have to come to fruition but a continued rally in the dollar going into next year would have to overcome some very big headwinds. Possible, but unlikely.
Blog Source - http://randomroger.blogspot.com/atom.xml
|