Source:
http://article.wn.com/view/2011/02/25/Would_130_Oil_Derail_the_Bull_Market/
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Saturday, February 26, 2011
Would $130 Oil Derail the Bull Market?
Typically, during a period of risk-aversion, the U.S. dollar attracts interest as a “safe haven” currency. It has not been the case in the early stages of the current pullback. This morning’s Wall Street Journal cites rising oil prices and the possible reaction from the Fed and ECB as the reasons for the greenback’s weakness (see below). With the Fed on a money-printing...
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