Wall Street headed toward a higher open Thursday on speculation that new economic data will show enough weakness to give the Federal Reserve more reasons to cut interest rates.

George Costanza market

opposite of what you'd think

Since Jan 1, the dollar is down 8% and the DJIA is up 12%.

I.e. in Euro terms, the DJIA is up 4%.

On the other hand, the CAC 40, the French index, is up 3% in the same period. So in dollar terms, it's up 11%, just behind the DJIA.

So, I guess I'm wrong: put all your money into American stocks.

OT,

this is quite interesting. 6.75% offered by a central bank and nobody wants it (...failed to muster any bids...) does this mean that this central bank is less credit worthy than your average 30-year mortgagor? or simply that currency has nowhere to go but down.

ECB Lends 3.9 Billion Euros to Banks, Most Since 2004 (Update6) - Bloomberg.com

of course, i didn't listen to it with audio so that might be why...

Off topic from the Andrew's Sisters but related to the dollar. Can someone please explain to me why people keep rationalizing that foreign will start buying commercial real estate because it looks cheap due to the declining dollar? Who makes a capital intensive purchase in a deteriorating currency when they care about the reversion value. Ok so the Japanese did it once, but I think their attention span / memory is much longer than we traditionally associate with investors, American investors. I also think the Chinese have already learned their lesson from buying so government notes as the dollar tanks, and the rest of the world doesn't really care to own the empire state building.

An Andrew Sisters Posting that is turning into a currency conversation?

How About the Andrew Sisters Song "Rum and Coca-Cola" which has the lyrics in the chourus of "Working for the Yankee Dollar."

Thanks You, Tanta and CR

That might be the song our friend Bennie might be singing these days.