Disciplined Investing, especially the NAIC way Message Board

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Strategies & Market Trends : Disciplined Investing, especially the NAIC way

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To: The Philosopher who wrote (421)	9/28/2003 11:47:27 AM
From: tyc:>	Read Replies (1) of 469

On another thread I have been arguing that the markets are really not "up" significantly. What we have seen is the natural concomitant of a weaker US dollar.... The only significant secular change is the weakness of the dollar (The inches on the tape measure are getting smaller). To run to the dollar (cash) for safety is rather silly. My comments are greeted with stoney silence. Today I read this in a Yahoo Finance report; "The big issue (this week) will be the dollar and how it performs and behaves in the markets," said Hugh Johnson (News), chief investment officer at First Albany Corp. in Albany, New York. "While a lower dollar helps U.S. exporters sell products and adds to profits, it can also send a signal to foreign investors to pull out of the U.S. financial markets. Johnson is worried that the United States and Japan are in disagreement" Why would foreign investors pull out of US assets just because the currency is weaker ? Doesn't that make assets, that are likely to be more profitable, cheaper and therefore more desirable ? And if they do pull out and prices get cheaper still because of their selling, doesn't that provide investment opportunity ?

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