Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dli who wrote (30672)	9/22/2000 8:25:59 AM
From: donald sew	Read Replies (2) of 42787

dli, >>>>> The Euro is up to 89 cents after a joint intervention by the Fed, the European and the Japanese central banks. <<< The US DOLLAR INDEX has dropped around 4 points from 116 to 112.50 right now. GOLD has jumped up about $5.00. I believe that the stock market will initially consider it as good news in light of the recent bad press about poor earnings due to the LOW EURO. However, if the US DOLLAR drops alot more, such action could promote money to move out of the US which could further hurt US stocks. Frankly, I really dont know how successful govt intervention is in the longer-term, but if the US DOLLAR was to approach the 100-105 range, I feel that could be enough of a drop to hurt the US MARKET significantly. So basicly, it should be initially good news to US stocks, but turn to bad news if the DOLLAR drops too much. This news could help limit the downside of the market. Im not saying that the market wont drop today, just that it could be worse without this news. Interesting to note the timing of this announcement. Is this the PLUNGE PROTECTION TEAM in action?

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