Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Tuesday, August 24, 2010
US Dollar Rising: Stocks Collapse
Stocks have always being tied to the US dollar:
US dollar rises, stocks drop.
US dollar drops: stocks rise.
So no surprise stocks around the world are dropping hard today. USDX in the last 24 hours:
The relationship is confirmed by all our correlation studies.
The above was captured just now from the wonderful INO's tool (access trial)
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