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Its all relative -
10-03-2008, 12:20 AM
Yes, the perception is that the $ has already received its shock and others have not, so relatively speaking, there should not be as much risk priced in.
The time of the close correlation of the daily US equity markets and the $ are over. The equity markets will continue to try and be the long future indicators, but since it is not relative to foreign performance the way the $ is, they will act very differently, at least in the short term.
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