The dollar keeps dropping. Unlike equities, no optimism there when in comes to the housing numbers. Who do you believe, the Wall Street huckster or banks who handle currencies? In any case, we need to see 83.28 soon, or we will get a test of 2006 lows and maybe even 2004. Will the Feds support the greenback tomorrow by making another optimistic statement on the economy? If they do, rate cut dreams will evaporate, gold and equities could fall. Stay tuned.
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on Tuesday, March 20, 2007 at 3/20/2007 08:17:00 PM.
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