3 thoughts on “This Foreclosure Stuff is Wild

  1. …and the stock market keeps going up and up against this fundamental data.

    Someday, when the dollar starts falling in value, it is likely foreign investors will pull money aggressively from the market (they will be losing money with dropping stock prices and losing more in currency exchange losses).

    Jim

  2. Jim B.

    I never quite thought of it like that but you are right. Right now the dollar trades inversely to a rising market, but if it falls too far, foreigners will pull their funds from the market because of the currency exchange losses. If the dollar rallies the market will go down too, so either way the S&P is doomed. Of course this is getting pretty deep into the “why” this is happening, traders trade “what” is happening and let the “why” work itself out over time.

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