[lbo-talk] Dollar Slide Accelerates; Risks of Rout Increase

Doug Henwood dhenwood at panix.com
Tue Jan 6 13:49:53 PST 2004


Dwayne Monroe wrote:


>This sounds rather serious. But there are always other
>factors to consider it seems.
>
>How seriously should this be taken?

The stock market held up and bond prices rose (yields fell) on the day. So not too seriously, yet, as long as the principal financial markets don't implode.

Presumably the dollar sellers are selling Treasury securities, but the bond chart <http://finance.yahoo.com/q/bc?s=^TNX&t=6m> doesn't look that way.

Doug



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