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Today, the major stock market indexes have all declined sharply on the back of negative economic data. I say it is simply the rise in the U.S. Dollar Index that is putting the pressure on stocks. When the dollar rallies higher the stock market simply deflates and trades lower. Look at the U.S. Dollar Index chart below and see how it trades inverse to the SPY. Should the dollar catch a big higher into the close, expect the major stock indexes to decline further.
see charts:http://www.inthemoneystocks.com/userfiles/image/dxy%208_19_10.bmp
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