Maybe the bull argument — that the market is barely down despite all the bad news — won’t hold up.
The Dow is now down triple digits.
Gold is down over $30 and may not hold $1100/oz.
One trader we we talked to acknowledged a noticeably “different feel” to the market today.
Between the amazing, surging dollar, and all the other fears, we’d have to agree.
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See Also:
- Gartman: Here’s How To Go Long Gold In Another Currency
- China’s Dumping Of The Dollar Has Begun
- The US Dollar Is On Fire Today!