Thursday, March 20, 2008

What was that Yesterday???

Apparently, we saw a panic selloff yesterday by hedge funds that are heavily leveraged in the commodity market. The selloff was so severe, it took down the rest of the market. The panic was started by the strengthening of the Dollar. Most of the commodity play has been tied to weakness in the Dollar. A stronger Dollar, though positive for the rest of the market, will undoubtedly cause a mass exodus out of Oil, Gold, Metals, Wheat and anything that has to do with those.

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