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	<title>Stock Market News &#38; Stocks to Watch from StraightStocks &#187; Weak Dollar</title>
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		<title>A Bearish Dow Has its Worst June Since the Great Depression</title>
		<link>http://www.straightstocks.com/current-market-news/a-bearish-dow-has-its-worst-june-since-the-great-depression/</link>
		<comments>http://www.straightstocks.com/current-market-news/a-bearish-dow-has-its-worst-june-since-the-great-depression/#comments</comments>
		<pubDate>Mon, 30 Jun 2008 21:10:09 +0000</pubDate>
		<dc:creator>Money Morning</dc:creator>
				<category><![CDATA[Current Market News]]></category>
		<category><![CDATA[Stocks to Watch]]></category>
		<category><![CDATA[Associate Editor]]></category>
		<category><![CDATA[consumer confidence]]></category>
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		<guid isPermaLink="false">http://www.moneymorning.com/2008/06/30/a-bearish-dow-has-its-worst-june-since-the-great-depression/</guid>
		<description><![CDATA[By Jason Simpkins
  Associate  Editor
High oil prices, a steep drop in consumer confidence,  declining home values and a weak dollar conspired to drive the Dow Jones Industrial  Average to its lowest...

Money Morning is here to help investors profit h...]]></description>
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		<title>Bernanke Knows the Dollar is Doomed</title>
		<link>http://www.straightstocks.com/current-market-news/bernanke-knows-the-dollar-is-doomed/</link>
		<comments>http://www.straightstocks.com/current-market-news/bernanke-knows-the-dollar-is-doomed/#comments</comments>
		<pubDate>Thu, 05 Jun 2008 16:16:17 +0000</pubDate>
		<dc:creator>Larry Edelson</dc:creator>
				<category><![CDATA[Current Market News]]></category>
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		<guid isPermaLink="false">http://blogs.moneyandmarkets.com/blog/real-wealth/0/0/bernanke-knows-the-dollar-is-doomed</guid>
		<description><![CDATA[Fed Chairman Ben Bernanke is trying to support the dollar, making rare statements on Tuesday about how the weak dollar has contributed to inflation, and that the Fed is closely monitoring the dollar. Bernanke went on to repeat his inflation concerns while speaking at Harvard University yesterday, saying that “some indicators of longer-term inflation expectations have risen in recent months, which is a significant concern for the Federal Reserve. We will need to monitor that situation closely." Interestingly enough, his comments come at a time when my models have been forecasting a bounce in the buck, and a short-term correction in gold, oil and other natural resources. So Bernanke’s unconvincing attempt to support the dollar comes as no surprise to me. These moves tend to happen at normal turning points in the market, which proves once again that it’s not the news that drives the markets necessarily, but it’s the markets that drives the news. If Bernanke was so concerned about inflation and the dollar contributing to inflation, why did he let it depreciate so much in the first place? Bernanke’s words are too little, too late – it’s nothing more than political jawboning to try and support the buck. Deep down inside, he knows the dollar is doomed.]]></description>
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		<title>MARKET COMMENT June 3, 2008 Today markets fretted about Lehman Bros.</title>
		<link>http://www.straightstocks.com/current-market-news/market-comment-june-3-2008-today-markets-fretted-about-lehman-bros/</link>
		<comments>http://www.straightstocks.com/current-market-news/market-comment-june-3-2008-today-markets-fretted-about-lehman-bros/#comments</comments>
		<pubDate>Tue, 03 Jun 2008 22:54:51 +0000</pubDate>
		<dc:creator>David Fry</dc:creator>
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		<guid isPermaLink="false">http://etfdigest.com/daveDaily.php?id=602</guid>
		<description><![CDATA[MARKET COMMENT June 3, 2008 Today markets fretted about Lehman Bros. and pondered the messages from Bernanke and impending congressional hearings regarding commodity market &#8220;speculation&#8221;. The dollar rallied from Bernanke&#8217;s comments and commodity markets were pressured by it and potential congressional action. Volume picked up substantially from the malaise of the past few weeks and breadth was negative particularly on NASDAQ volume.]]></description>
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		<title>More Bernanke BS!</title>
		<link>http://www.straightstocks.com/current-market-news/more-bernanke-bs/</link>
		<comments>http://www.straightstocks.com/current-market-news/more-bernanke-bs/#comments</comments>
		<pubDate>Tue, 03 Jun 2008 16:46:12 +0000</pubDate>
		<dc:creator>Larry Edelson</dc:creator>
				<category><![CDATA[Current Market News]]></category>
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		<guid isPermaLink="false">http://blogs.moneyandmarkets.com/blog/real-wealth/0/0/more-bernanke-bs</guid>
		<description><![CDATA[In a speech this morning at an international monetary conference in Spain, Fed Chairman Ben Bernanke took the unusual step of speaking out on the dollar saying that the central bank is "attentive" to the weak U.S. dollar and that it has contributed to an “unwelcome rise” in inflation. He went on to say that over time, Fed policy will be a key factor "ensuring that the dollar remains a strong, stable currency."For some reason the markets were surprised by this. I wasn’t. What else did they expect him to say? That he supports a weak dollar? Of course not. Central bankers can talk about how they are going to control inflation, and not let it get out of hand, but their actions will be entirely different. Regardless of what Bernanke says, our own Federal Reserve wants the dollar pushed lower and as much asset inflation as possible because it’s the only way they can deal with the massive mountains of debt that exists in the U.S. — by inflating them away. And no matter what the dollar does short-term, long-term I believe the value of the dollar can slump another 30-40%. As for gold, it plunged sharply this morning back to the $880 level on Bernanke’s comments, and is likely headed lower. Probably down to the $850 level before it stages it’s next leg up. ]]></description>
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		<title>Bookkeeping: Cutting Back on Cummins (CMI) as my $70 Target is Near</title>
		<link>http://www.straightstocks.com/current-market-news/bookkeeping-cutting-back-on-cummins-cmi-as-my-70-target-is-near/</link>
		<comments>http://www.straightstocks.com/current-market-news/bookkeeping-cutting-back-on-cummins-cmi-as-my-70-target-is-near/#comments</comments>
		<pubDate>Tue, 06 May 2008 17:05:00 +0000</pubDate>
		<dc:creator>Trader Mark</dc:creator>
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		<guid isPermaLink="false">tag:blogger.com,1999:blog-2335748440449035592.post-900318625343692472</guid>
		<description><![CDATA[I am doing about 2 weeks worth of transactions in 1 day... exhausting.Just to avoid being a pig I am taking down my Cummins Engine (CMI) by 1/3rd.  I restarted this position April 18 as a weak dollar, undervalued US multinational [Apr 18: Restarting Cu...]]></description>
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