Between the prospect of continued easing in the United States, and the bond yield shock this morning, the US dollar is struggling today.
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Between the prospect of continued easing in the United States, and the bond yield shock this morning, the US dollar is struggling today.
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The Yen is ripping higher as panic spreads through Japan. Fear is spreading in the stock market with stocks like Chevron Corporation (NYSE:CVX) taking a pounding. Fears that the Federal Reserve will pull back on quantitative easing are everywhere yet the stock market is barely negative today. I smell a stock market bounce on the horizon. While short lived, the bias has to be for a bounce. Let me explain.
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