Without fresh good news on the U.S., the current account worries come back to the fore so people worry about the dollar. With stocks it's a question of how much good news is already priced in.
More Quotes from Lee Ferridge:
People are still digesting Friday's data and wondering whether the short-term reaction to sell the dollar was right,Lee Ferridge
After all, it wasn't a bad number. It's just that the market had positioned for something even better.
Lee Ferridge
The euro got bought up toward the end of last week on the prospect of a deal being struck, and so often with these things in the markets, it is buy the rumor and sell the fact,'
Lee Ferridge
It was a knee-jerk reaction after the reports of an earthquake. The logic behind the move is that a natural disaster in California could damage the U.S. economy.
Lee Ferridge
We have the FOMC tomorrow and big economic numbers, which are generally seen as upbeat,
Lee Ferridge
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