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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (38394)6/7/2000 2:18:00 PM
From: Earlie  Read Replies (2) of 42523
 
Heinz:

Like you, I think we get a decent rally yet. Also like you, the dollar slide worries the heck out of me.

Normally, I'd retreat to the weeds and a steady diet of "mortally wounded" stocks at this juncture, but with the buck finally responding to reality, I'll maintain some short/put positions to keep me comfortable.

Alan must be squirming. He simply cannot afford any form of $U.S asset exodus now, yet that is an inevitable biproduct of a descending buck. I'll bet on a continuation of both higher rates (to keep the treasuries offshore) as well as more behind-the-scenes money printing.

Best, Earlie
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