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According to my records, the dollar index closed 2011 at 80.23. It closed Friday, November 9 at 81.03 and closed today at 81.09. so yes it is above 80 but only by a tad. Incidentally the dollar index was at 83.99 on July 24th (the high for the year so far). FWIW, the dollar index closed 2008 at 81.15 (as far back as my records go). It was 89.51 on March 3, 2009 but dropped to 74.47 on December 1, 2009 which I think are the two extremes since 2008 (in scanning my tables).

We may be heading for another "buying opportunity," but I can't get too excited about the current value of the dollar index. Incidentally, the forecasts are for a good holiday season for retailers. We'll see.

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