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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: UnBelievable who wrote (47698)12/14/2000 2:45:53 PM
From: pater tenebrarum   of 436258
 
i also think he won't necessarily be good for the stock market...although i'm less convinced that he will pursue a strong dollar policy. he has paid some lip service to same, but what IS a "strong dollar policy" really? i don't believe any primary market trend can be fought by a politician, a central bank, or anyone. if the dollar is ready to fall, it will do so, regardless of the administration's wishes. fact is, never before have foreigners been sitting on such huge amounts of US financial assets, and never before has the current account deficit produced such sobering record numbers. and now a slowdown has begun as well, so the preconditions for a dollar slide are certainly all present.

the reason why i think he'll be bad for stocks is that it goes against the consensus, and that the market has thrived under the previous dudes. besides, i actually think that neither candidate would be good for the market...the market follows its own rhythm.
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