Wall Streets recent meltdown has much to do with worries that the stronger dollar and Europes economic slowdown could hurt corporate America, as investors look to next week, when the third-quarter earnings season begins in earnest. But the dollars strength against the euro could be among the few positive factors at play for Europe, given the regions weaker currency should boost its exports, just as the softer dollar helped boost portions of the U.S. economy when it was mired in recession. The weaker the euro gets, the more competitive Europe is in the global economy, said Art Hogan, chief market strategist at Wunderlich Securities. So in other words, the dollar is stronger, and that is not good for the Stock Market, if that makes any sense.
Posted on: Wed, 08 Oct 2014 00:24:02 +0000
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