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Friday EAFE Final down -$0.1707
Monday EAFE final up +$0.1561
plus FV Monday (previous) of = +$0.0000 = -$0.0146
plus mystery money or rounding of +$0.0018 = -$0.0128 final :worried:
It came close to having a -FV today, right?
EFA closed down ~0.8% from where it was a 1150 AMET.
EAFE estimate down -$0.3993
plus FV Tuesday (previous) of = +$0.0000 = -$0.3993
massive selloffs in Europe today :worried:
dollar down 0.11%
Anybody have a guess when it's going to stop going down?
Not to be alarmist, but our market is already wide open. Was wide open before we signed a lot of those trade agreements. Barn door's open and the horse has left - especially when dealing with high agricultural tariff countries like Korea that have better access to us than we have to them - look what their farmers do as soon as it looks like their door's going to open (though I do admit we've given their agricultural lobby free ammunition with our problems in bovine spongiform eradication).When our economy is more favorable for manufacturing than that of Free Trade Agreement countries like Bahrain, Chile, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, and Singapore, and now, pending before Congress, Korea, Columbia, and Panama. http://www.trade.gov/fta/index.asp
It's a race to the bottom.