US Dollar Index Spikes Up - Rough Times For The US Stock Markets?

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US Dollar Index Spikes Up - Rough Times For The US Stock Markets?

By David Spurr on November 3, 2009 | More Posts By David Spurr | Author's Website

The US Dollar Index spiked to 81.345 overnight. This spike occurred as weakness in the Euro due to the RBS (RBS) bailout. Is this a warning of what we can expect? A sustained rise like this would be deadly for US equity markets.

Yesterday I had a post about the weakness in the equity markets, and one of my main concerns was that the Euro has not broken down yet out of its channel. This morning it appears that the Euro is breaking outside of its channel.

If the Euro breaks down hard and the US dollar index spikes, then I think that we could be in for some real rough times in the equities.

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