The dollar and the yen were at it again today. After the Fed’s announcement, there was some hope that we might see some return of Risk Appetite to the Markets. This just hasn’t been sustained. Things are looking down again. The Dollar rally might continue.

I want this to end. I know that trading currencies puts you in a good position…you can make money on the way up or down. It’s all relative. However, we need the Economy to turn around. We can’t keep going this way. The number of people getting laid off…it’s just ridiculous.

I hope Obama’s stimulus works.

In the meantime, we have to trade with the cards we have in the Forex Market. Watch for the Dollar Rally to continue.

By admin

3 thoughts on “Thursday. Not such a good day for Stocks”
  1. Sorry Steve. I didn’t have any insights. I know that stating the facts and leaving it at that is a bit of a copout, but that’s all I had.

  2. I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.

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