Holy cow!
I mentioned the Dollar weakness the other day but we thought the 90 line was going to hold and we did have a very brief bounce but now we’re looking terminal as that line fails to hold as well thanks to Wednesday’s Fed Statement and Powell’s press conference where they said they won’t be changing their policy – even if the US Economy does improve .
While FREE MONEY FOREVER may be great for the stock market, it’s not very good for the value of the currency those stocks are priced in and that too is then […]
Full Post at www.thestreet.com