Happy Thanksgiving

Just a couple of random thoughts before I go cook a turkey:

The dollar is continuing lower today. It has a 1.32 handle against the Euro, a 1.14 handle against the Swissi (thanks to DD for posting the correct spelling!), and it is well below 1100 against the Korean Won which is a multi year low . The US equity market had a decent rally Wednesday, albeit on very light volume, in the face of this dollar event. Will this ever matter? I would think eventually it has to but maybe not. The Bush administration seems content so maybe the market should be content too.

The US stock market is always up on Black Friday (the day after Thanksgiving which always is a big Christmas shopping day). While I don't plan to trade the event I will be curious to see if it happens again.

Earlier this week I mentioned that Bill McClaren thought the ASX would drop 300-400 points after making a major reversal. Since then that market has rallied 2% in three trading days which is a lot for the Australian market. If Bill thinks a correction is coming I'm not going to disagree, but I wonder if it can rally some more before that happens?

European markets are mostly higher, Russia is standing out a loser today due I'm sure to what is going on in the Ukraine. Am I the only one that thinks that news footage from the Ukraine covering the contested election looks like its from the 1980's?

Lastly, thanks to all of you that read my commentary, put up links and say good things about this blog. My traffic numbers are increasing rapidly. I have readers from at least ten other countries. I have written before that I think blogging is evolving into something very useful and I hope I can be a part of it.