12/23/2003

Markets

A terrific article by James Flannigan on the dollar is here.

......don't let all this chatter about a low dollar spook you. Ignore the scare talk. The greenback's fall speaks to America's strengths as much as its weaknesses.
MARKET: Seems that everyone is on vacation and has established "hedges" in futures and options til January. This could mean 11,000 by Jan 31. Big moves with no volume don't mean anything, in fact if move is too big between now and 12/31 market could cave or "correct".

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