Driving Force (Update)…Euro/Yen suggesting lower 500 index prices?

Posted by Chris Kimble on 08/20/2010 at 11:53 am; This entry is filed under Euro/Yen, S&P 500.
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 Last week investors seemed to be caught up on what the Fed would announce about the economy. My ears were listening to what the Euro/Yen was suggesting...which was lower stock prices. The next day the 500 index fell almost 3%, Small caps 4%!

See this link...Euro/Yen.  The Euro/Yen is now approaching a critical level that will suggest what the next big move in stocks should be.

Let what happens at line (2) be a driving force to part of your decisions?  I think so...

 

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5 Comments

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