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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: robnhood who wrote (37086)11/13/2000 10:16:57 PM
From: LLCF  Read Replies (1) of 436258
 
<Maybe they really want to buy euros and sell the frizzle. >

The German central bank used to have a great record in making big purchases at the bottom of the DM and big sales at the top... I think they actually made quite a bit of money over the years intervening. I would tend to knock the ECB [as they deserve it anyway no doubt], but I'll tell you this is SOME massive top in the dollar... so I wouldn't be surprised if even the mighty Bundesbank would have been pissing into the wind the past year.

DAK
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