To the best of my ability I write about my experience of the Universe Past, Present and Future
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Friday, August 15, 2008
60,000 per million
If you had 1,000,000 dollars in stocks in the U.S. since July 21st they just went up since then in actual dollar value about $60,000 versus the Euro. I think this is one reason that the dollar is getting stronger as people worldwide pull their money out of oil futures and put them into dollar based stocks. I used a calculator to estimate this. However, I'm not the only one doing these calculations worldwide. This migration of monies should continue to the dollar and dollar based securities as long as oil plummets and the dollar rises and the stock market stays relatively static in the 11,000 range.
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