Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: james paterson who wrote (678)	11/14/2000 9:58:28 PM
From: rajaggs	of 74559

Currency may be the key to the puzzle of when and if the greatest ever bull market does come to an end. If the Euro is to be propped up using the USD, then that involves selling USDs. Selling USD's will reduce its inflated value, which may not be sustainable in any case. When foreigners see the possibility of any significant decline in the value of the USD, then they may sell USDs and take their money out of US Treasury bills. The rest COULD become a self-fulfilling prophesy. >> I don't think the USD can go down significantly while the SM goes up. In order for the SM to go up appreciably from here foreign participation is required, imo. When the foreigners participate they need USDs which props up the value of the USD.<< That is true for as long as they see the US stock markets is perceived as doing much better than the Asian/European markets but when that vision changes then that, along with currency value reversals, could be the catalyst for a serious bear market, lasting for perhaps over a year. Comments anyone.? 'jaggs

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