Dear Clients,
My last commentary focused on the then market “correction”. Some correction that turned out to be—the financial media had a field day with the quick several hundred point drop—all the doom-sayers came out of the woodwork to say I told you so—and here we are just a few weeks later, setting all time highs in the Dow. The bulls seem to be running strong at the moment. So we’ll enjoy it while it lasts, because of course we know the future will bring more corrections and the inevitable bear market.
As I’m sure you’ve gathered by now, my commentary is generally aimed at giving you what I believe to be a clearer perspective, than the media offers, on the events of the day. One of the “hot topics” from the past few weeks has been the ever-weakening U.S. dollar. On the surface, the idea that your home currency is “weakening” against certain foreign currencies doesn’t sound like something to feel good about. The “experts