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Here is the game summary.

June 1, 2011

All things exchange listed seem to trade in pure correlation of the EUR and inversely to the USD. While I view the US and EUR economies as essentially the same, the market currently does not. The EUR was up strongly the last 24 hours and that brought some selling into the market, until news came out the Moodys was downgrading Greek debt to just about junk. Money then flowed from EUR to USD causing everything to sell off. To figure out which way markets are generally going to move you must figure out which shoe drops first: EUR or USD.

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