U.S. Dollar and Foreclosures

Gold is over $1000 an ounce and other commodities are going in the same direction. The U.S. dollar is down. For the first time since 1976 the Canadian dollar is equal to ours. The Euro has reached a new high against the dollar. Countries are diversifying out of the dollar. For example, Russia use to hold 90% in dollars and now it's 45%.

Today, the Treasury Department acknowledged that 'there are millions more in foreclosures.'

These facts are reconfirming what I have written about in this blog. Given the markets continued climb in the month of September when historically it has been different, it seems that psychologically investors will hang onto any piece of optimistic news and invest.