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Warpy

(111,397 posts)

6. Bollocks. There was a huge surge in the dollar against the Euro

Reply to global1 (Original post)

Mon Feb 25, 2013, 06:24 PM

Feb 2013

but there was an equally big surge against the Loonie. That means institutional investors in Europe and Canada were profit taking. The dollar fell against the Yen, so the Japanese will be buying bargains, probably overnight in pre market trading.

Wall Street doesn't give much of a shit about the sequester and won't until corporate profits go way down. Then they'll start to care. Sort of.

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Highlight:

So I Hear That They're Blaming The Down Stock Market Today On Italy..... [View all] global1 Feb 2013 OP

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Bollocks. There was a huge surge in the dollar against the Euro Warpy Feb 2013 #6

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It was Italy Yo_Mama Feb 2013 #9