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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.24

+0.3%

Jan 15 4:00 PM EST

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To: willcousa who wrote (50889)	5/16/2000 12:56:00 PM
From: Eddy Blinker	Read Replies (1) of 99985

<<< I'm not saying it is no force - just overrated.>>> willcousa, Beg to differ with your statement. The Euro is not a weak as a currency-because as you say Europe is overrated as a business force but because the Euro was designed as a political instrument by Dr.Kohl and F.Mitterand against the will of the majority of European inhabitants. And as faster the EU is expanding so deeper the Euro will fall. Now as far as your overrating of European "business" is concerned it all depends on who is doing the rating and based on what? Cooking the books or creative accounting -in the end, rating agencies are duped as much as investors are. Operating in the dark or move within the black hole of previous mentioned attributes. Pinochio-land society and white collar crime are near their ultimate goal. Junk bonds in the U.S.A are plunging all over the place signaling that rating agencies are dealing in a vacuum zone. Be it Conseco or AmeriServe as illustrating examples. Regards, ED

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