Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: KevinMark who wrote (117365)	11/27/2000 3:01:54 PM
From: Lane Hall-Witt	Read Replies (1) of 120523

It'll be interesting to see what the dollar does, short term, as the U.S. election gets resolved. The forex market should like the simple fact of resolution, but if Bush wins the market may be cautious about the prospect of Lawrence Lindsay becoming Bush's Secretary of the Treasury. The problem with betting on a weak dollar is the fact that it's hard to see what other currencies should be stronger, on a fundamental basis. Japan now has extreme political weakness and still suffers from an abundance of bad debt. (South Korea has the same problems, raising the risk of a regional economic slump.) And it's hard to know how far down the Euro might ultimately go, since the Union hasn't meaningfully addressed the basic problem that Europe's monetary and fiscal jurisdictions are not only different, but are often times in conflict with one another. With the U.S. equity and credit markets struggling so much this year, one may have expected the dollar to weaken. But the rest of the world has also struggled, and the U.S. is still regarded as the safest place to direct capital.

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