Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Oeconomicus who wrote (20661)	6/18/1998 2:06:00 PM
From: Andeveron	of 94695

>> Did that work? No. Will this, beyond the very short term that is? No. << The intervention may not even have an impact beyond the dip that we saw yesterday; the dollar is up Y1.55 today. Currency traders are already beating the yen down again. I suppose Treasuries will always try to prop up currencies when politics forces them to do so. Pity that the markets always correct themselves to equilibrium; that is, unless you're AMZN and exist on the internet.

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