Yeah! Dollar at record low. Whoopee! Yippy - Skippy!
(Subject line looks a bit silly, doesn't it?)
At least against the Euro.
What does that mean about the stock market? Going up with cheaper dollars?
But wait! "Stocks seesaw ahead of Fed minutes." Investors also nervous about Freddie Mac's huge losses." As of this moment they are lower. Going down with cheaper dollars.
As for the future, what's this gonna do? I don't know, I would have thought it would have had a bigger impact by now.
"Crude oil prices approach $100 again. New low for dollar, refinery problems send prices up."
I think it's a little early for a sack dance. I believe there is a lot of pain to come with the US economy.
Arf