To follow the spin on Wall Street takes some getting used to...
The current Drivel du Jour goes something like this:
The Economy is slowing and profits are going to be challenged...so the FED may cut rates again...thus weakening the dollar even more.
Because of the weak dollar the big multinational stocks...like those in the Dow...will prosper, because they are not tied to the US economy...and do much of their business overseas where the American Peso makes their products cheaper...
Of course, if we want an American Peso...maybe we should make gold and oil priced in Euro...not Dollars...
Anyway...stocks soar because rates are going to be cut...and the weak dollar will help the big exporters....
I think this is all best called: "Catch 22..."
We'll see...
