re: Well sort of, yes.
Hey, don't think you are the lone ranger here. For serveral months I have been moving gradually into foreign equities, but the problem with that strategy is that when our market sneezes foreign markets tend to catch pneumonia. The devaluation of our dollar is an attempt of this administration to pay back some of the debt they have accumulated with cheap dollars. The problem is that my salary is being paid with these same cheap dollars.
Apparently we are living with a very figity market. It needs assurance at this point that the Fed will hold the line on raising interest rates any further--until then our vaunted markets will continue to resemble a ping pong game.
Publius
