MHigh, cheaper dollar would lower effective cost of handsets abroad... not that simple though... need a stable dollar... if dollar declining slowly, then purchases are delayed... why buy today when it could be 5% cheaper next week... that is the curse of the unstable currency... it stable, then not delayed... if cheaper, then greater demand
unstable and declining dollar has an effect upon stock market much akin to a weakening and sporadic wind on your spinnaker, fully extended, on a sailboat... you got rocked and slow down, and might break a shroud or rip a sail
the same detrimental effect is felt upon bond market by foreign buyers... bond market is extremely huge in dollar volume, as large as Japanese and German combined methinks
on shorting the strong stocks... ample opportunity to make gobs of money shorting gorillas... just gotta time it right after a huge run and stall... if wrong on strong stock, then you lose your arms... or else target the dogs and short them after a silly run with no legs 'tall... if wrong on weak stocks, then lose a finger
GC, excellent close, halfway between daily high and low... from technical standpoint a nonevent, since neutral on stochastics and within same shorterm range
GC, if I were as naive and shallow, I might say:
"another bounce off 162, heading to the moon!!!"
/ jim willie (over and out) |
