12-9-09 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stuart Smith (December 9th, 2009) Writes:
The dip in stocks followed a sharp sell-off Tuesday that carried over into Asia overnight as concerns about foreign debt loads escalated and Japan said its economy grew at a lower rate than originally expected in the third quarter.
A weaker dollar, however, helped put some support under stocks. The dollar retreated after rising the day before to its highest level against the euro since early November.
The dollar has fallen steadily since March as investors take advantage of cheap financing to invest in riskier, higher-yielding assets like stocks and commodities. But in recent weeks, investors have been shuttling between stocks and the dollar as they try to determine the strength of the economic recovery and where they will be able to make the biggest returns.
While investors want to see the economy grow, they also know that the Federal
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