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Pastimes : All Clowns Must Be Destroyed
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To: Lucretius who wrote (645)12/27/1999 9:29:00 PM
From: pater tenebrarum  Read Replies (2) of 42523
 
i agree on the dollar being the key...well, one leg (dollar/yen) has already been kicked away. but, as the inverse relationship of U.S. stocks to the Euro proves, it is the Euro that's really the key currency in relation to the dollar. it's as if bonds take their cue from the Yen and stocks from the Euro. rather weird, but probably to do with Japan being big on t-bonds and Europeans buying U.S. stocks. anyway, the fact that the mania has now begun to go global introduces a new element...now the kahuna can start anywhere.
maybe it'll begin in Istanbul...<ggg>
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