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To: PhiKapMom

It’s just that holders of other currencies are panicking into US dollars tonight.

Euro gapped down and kept falling.

Whether it is bad news or not depends on your book.

The move may be temporary and overdone anyway — has happened several times lately.

We’ll have to see if the Dollar double tops around 88. Not far to go.


36 posted on 02/16/2009 8:04:19 PM PST by steve86 (Acerbic by nature, not nurture)
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To: steve86

Not about currencies but option expiration weeks have been BAD for stocks the last few months. This is an OpEx week (shortened).


38 posted on 02/16/2009 8:06:59 PM PST by steve86 (Acerbic by nature, not nurture)
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To: steve86

Haven’t ‘they’ been saying for a while that the Euro may not hold up anyway and that EU countries may revert back to their own currencies?

Sorry, I totally don’t understand any of this, but keep trying to read and learn.


44 posted on 02/16/2009 8:10:07 PM PST by Velveeta
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