Russia’s Fin Min talks up the dollar!  Currencies, commodities, stocks all lose ground…  Who’s car is uglier … Gold hit a 3-week low… And Now… Today’s Pfennig!

It is time for another simulator update.  To say the last week of trading has been interesting is an understatement.  Even though three-quarters of the nation is screaming about a recession, the equities maket continues to rise.  The Dow has not been at this level in quite a while.

The dollar is a bit softer this morning going into the Jobs Jamboree, and rightly so, given the forecast. However, the dollar is still swinging a mighty hammer and I’m a bit perplexed by this.

The bulls found a home in Google on Friday. The stock price rose nearly $90 a share, on reports of 42% revenue growth in the first-quarter, bringing $28 billion in share-holder wealth to Wall Street. No doubt this Google news was welcomed in the face of staggering losses in the financial industry.

And Rick Pendergraft sees Google continuing it’s search and advertising dominance online even against the possible combination of Yahoo and Microsoft.

So today I thought for sure that the market would continue along its well-beaten illogical path.  The Dow was up over 100 points at one time. And then ten minutes before the close, the Dow was fighting just to stay in the green!