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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.72+0.7%Jan 5 4:00 PM EST
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To: marginmike who wrote (65121)12/23/2000 6:36:15 PM
From: Dennis O'Bell   of 99985
 
There's an *awful* lot of infighting and bickering among the countries in the euro, this will counterbalance relative weakness of the dollar. They're all heavily socialist which is simply anti business, one has to expend a lot of extra energy to get things done since at every turn there is always someone trying to "mettre des bâtons dans les roues". Someone who succeeds in an enterprise in France would be a spectacular success in the US. I suspect other european countries are similar.

Don't be misled by spectacular growth figures from Germany - East Germany had to come from literal third world status on a fast track since the wall came down.

World finance is so interconnected (the amount of money transacted daily via the SWIFT interbank network is mind boggling), that like it or not, if the US does spiral into a depression, we'll bring the rest of the planet with us. No grin on that, but it's not the most likely scenario. Swiss franc might be the safe haven though, like they say in France "point d'argent, point de Suisse" :-) They have a habit of surviving bad times, it's a strange little country.

fwiw, this xmas shopping season has been the best in France in *years*, things are finally turning around a bit there.
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