Wednesday, December 23, 2009

Markets rocket higher in Asia

Markets are moving higher on thin volume as the US dollar weakens again.

"The greenback dropped for a second day against the 16- nation euro as an unexpected decline in new home sales and a report forecast to show a decline in business activity underscored the fragility of the U.S. recovery."

So in the perverse world of equities down is up --- because the US economy looks shaky, the dollar is falling again, so commCheck Spellingodity prices - including stocks - are rising.

It's time to turn off the computer for the holiday in order to regain some sanity.

Cheers!

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