Dollar going down fast....under 107... chart link

INO Charts ^

[BlackJack]

With Worldcom news out, futures down and US Dollar going down hard tonight. Click INO Charts

[TBall]

What is worse is if you look at a longer term chart. Really shows the sharp sell off and the bottom drops out.

[gjpino]

Gotta wonder if foreign investors have ZERO confidence in Bush.

I suspect this is the case.

[mdittmar]

Sell,sell,sell,.....................................

Buy,buy,buy

[Mulder]

Nasdaq is down 5% in after hours trading....

[AAABEST]

Nasdaq	1423.99	-36.35	Closed	Chart
DJIA	9126.82	-155	Closed	Chart
These numbers are truly getting troublesome. When did we hit 9,000 on the DJIA, like 3 years ago? Every time the NASDAQ loses 15 points (which is nearly every day lately) it loses over 1% of it's value.

[davisdoug]

I would have to say it has nothing to do with Bush. The fundamentals (honesty & integrity) say it all. We must reap what we sow. "NAZ" 1000 soon.

[AAABEST]

Nasdaq is down 5% in after hours trading....

Ouch .... is it really?

[TBall]

Clinton set us up for this. Too many fools with too much paper money.

[Alberta's Child]

I suspect that most foreign investors are smart enough to realize that the identity of the U.S. president has almost nothing to do with how they will make their investment decisions.

The U.S. dollar is plunging for two reasons: 1) interest rates in the U.S. are at or near historic lows, and 2) corporate America's earnings estimates are an absolute joke.

As you hunker down and savor these thoughts, I intend to continue over-weighting my stock portfolio with small caps -- as corporate America collapses, savvy investors are going to realize that small companies with simple balance sheets and well-defined product and service lines are the only places that produce anything close to reliable financial reports.

[Mulder]

Quotes here

[lizma]

Punt Scotland.

USA this year. Never been to Montana or the Dakotas.

We can play anywhere. This year my bucks stay home.

[A CA Guy]

It isn't Bush, it is a stock market that is still overvalued by 35% or so.
Eventually it has to hit the real bottom before it goes up.

People's desire and perception of the market were not realistic and it has to hit the fan some time. IMO!

[meyer]

Gotta wonder if foreign investors have ZERO confidence in Bush.

I suspect this is the case.

They're trading Dollars, not Presidents. Has little to do with who's in the White House, at least to sane people.

[Parmy]

It also makes our products cheaper on the world market. That will enhance our exports and give a boost to the economy and create jobs.

A high value dollar subsidizes foreign exports into this country.

[meyer]

Wanna buy some fancy, crispy paper?

[ex-Texan]

I believe the dollar will hold up better than the Euro particularly if there are terror attacks in places like the U.K., Germany, Italy and France. Fear is a big motivator. Right now money is seeking a more stable and conservative equilibrium.

When the Frogs and Italians see bombs going off they will panic again. They can run to the Suisse but then they give away interest .... Maybe then they might run back here. Where are they gonna run?

By the way, back in 1997 I knew some Swiss securities dealers. They told me over $ 500 Billion a week in U.S. dollars were flowing out of Russia and into Swiss banks. Where is that money now? It has already been invested into the U.S. market and then taken out of the U.S. market .... so where is the Russkie money?

[AAABEST]

Wanna buy some fancy, crispy paper?

LOL

NOPE. Actually I like land and the improvements that go with it. Why do you think they call it REAL property?

[d4now]

INO Charts are great.

I've been watching tonight with morbid fascination.

Spooky.