Wall Street's View Of The Falling Dollar

Mint Dollar Chip
Topic: Currencies
3/11/2008

Story Highlights:

-The dollar has reached a new low versus the euro.
-Investors typically fear dollar weakness is a symptom, or precursor to, economic and market weakness.
-Historically, there’s no meaningful correlation between the strength of the dollar and the direction of the stock market.
-Currencies are a zero-sum game—one being weak makes another strong. Overall, relative currency strength doesn’t matter for global investors.

http://www.marketminder.com/commentary/commentarypage.aspx?articleid={0ad6aa07-89fb-4396-9d63-286f9fc96622}

Apparently these guys haven't heard of the fall of the Roman Empire and the Soviet Union....

But they are right on for the shorter term.