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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (3678)7/13/2000 5:16:26 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
Haim. logic consistently fails to intrude on this market. in fact, as a foreign holder of US currency, one has to ask what that says about the value of the dollar...i mean, if a stock can rise by 30% in one day because the loss per share has been slightly smaller than expected, what does that tell you about the value of the money this stock is exchanged for?
the stock market has become the true measure of monetary inflation - as in every other credit-led capital investment/disinflationary boom.
if you buy ARBA at 130, what you're really doing is you are shorting the dollar...
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