Why would a foreigner buy a US$ denominated stock if the US$ were declining?
Anwser: He wouldn't unless he wanted to lose money...
Face it Bowser, the current market rally is earnings driven. If anything, the declining dollar is keeping a cap on the market as foregners don't want to invest in a declining currency.
Think I'm wrong? Watch the stock market start to really take off when the US$ starts to get stronger.
I sure hope you don't make your living selling people investments.
Scott Evil
