Frank Roche Explains the Dollar Index
May 6, 2011 at 1:51 am
The government released data on May 5th showing an unexpected increase in people filing for unemployment benefits. This caused the stock market to drop 100 points but due to the “bizarre correlation between equities and the dollar”, the US dollar strengthened. Frank Roche is running for the US House of Representatives in 2012 and explains why this happened:
watch?v=Z8nanjnXPgs&feature=player_embedded
This correlation is more verification for me personally not to buy equities. The good news is that gold is still in positive territory over the last 30 days and that oil dropped below $100 per barrel.
David DeGerolamo
NC Renegade
http://ncrenegade.com/
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