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

Conrad Herold nuccmh at Mail1.Hofstra.edu
Tue Jan 6 14:57:09 PST 2004


But why? I'm getting worried now. Is is because the expectation now is that the monster will raise taxes after the election?

Conrad M. Herold New College, Hofstra University nuccmh at hofstra.edu (516)463-6449 office (516)463-4832 fax
>>> dhenwood at panix.com 01/06/04 4:49 PM >>>
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 ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk



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