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December 23, 2010

CNBC: Gary Flam Quoted in “Stocks, Commodities Don’t Need a Weak Dollar Anymore”

“Stocks, Commodities Don’t Need a Weak Dollar Anymore,” by Jeff Cox, CNBC.

“Just from a very broad standpoint, there are no hard-and-fast rules that when interest rates go up that’s bad for stocks and if the dollar strengthens that’s good for stocks,” says Gary Flam, portfolio manager at Bel Air Investment Advisors in Los Angeles. “You’ve always got to look behind what’s causing either the dollar strength or interest rates to rise. That’s what’s happening over the last couple of weeks—it’s all driven by renewed faith in the US economy.”

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