Wow! I'm pretty much in shock seeing the dollar just shoot down in value each day. Of course, there's a correlation between the diving US stock market and the decreasing value of the dollar. However, for someone like myself in being employed in Japan, each decrease of the dollar gives me a boost in income. I'm betting that the dollar will plunge below 100-en before the year's end.
However, after the election is over, I think the whole stock market will stabilize. The last time we had this major turnover was during the 2000 election, when Clinton was stepping out of office. Ironically, the dot com bubble had burst around that time as well. Now, we're seeing almost the same thing happen in 2008 with the subprime loan problem.
On the bright side, this would be a great opportunity to do some major exchanges as well as investing. In some way, this is my undue raise.
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