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Strategies & Market Trends : Classic TA Workplace
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To: Moominoid who wrote (9582)8/9/2001 1:48:28 PM
From: Shortcut   of 209892
 
I don't have any really good information here, but I do remember clearly that many US Funds were mentioned in the press for doing so "well" because of the dollar strength. It is not difficult to look good if you have a 15-20% head start! So what did people do? They sold euro funds and bought more US funds, thereby pushing the dollar even higher. And so on. Takes a long time to shift these sentiments around, but I think it might be happening now and it's going to be as difficult to turn them back to positive.
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