April 1, 1982 found me at the offices of Kidder, Peabody & Company, Inc. That day the Dow stood at 680 and trading volumes were about what a good quant arb program can put on in afew nanoseconds. I want to congratulate the Market Beast for taking us into new high ground this week and also congratulate those market participants riding the trend.
That said, the stock market goes higher almost every day, but yet the dollar falls by an equal amount every day. Everyone on TV is saying what a great market environment this is, but what good is making money if that money isn't worth anything? Has anyone looked at the Euro or Yuan this week? If you can make tails of how these currencies are rallying against the dollar please give me a call. We may run some commission flow through your firm if you make sense.
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