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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (29690)10/19/2000 7:04:30 AM
From: robnhood  Read Replies (1) of 436258
 
As an add to Joey B's observation---

<<Euro seems to take a knock every time ..

Posted By: Sorcery
Date: Thursday, 19 October 2000, at 5:08 a.m.

In Response To: Even Joey B. can see it: where are your glasses? (bearlysurviving)

there is a surge in the NDX futures. Would guess that the stock buyers are borrowing in
Euros too. A graph of yesterdays action with the Euro value would look interesting (if I knew
how to bring one up). >>

Actually been wondering about that lately. The dollar seems to go up, even when stocks go down. This IMO should be the other way around. This creates a bit of dilema for euro holders of American equities, since they become reluctant to off them.
Since the euro falls while US stocks fall , and the dollar rises, I can only assume that the trading is going on in the actual currencies and not in the real trading between continents.
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