Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: David W. Taylor who wrote (1559)	12/23/2000 9:13:52 PM
From: Tommaso	Read Replies (1) of 74559

"Yes, but the foreigners that have placed their capital in the US will run if the US $ takes a beating, which it is starting to do." It sure is. The Euro is up from .85 to .92. Rumor is that Arab countries want payment in Euros, not dollars. And if the Fed lowers rates to help out the US stock markets or the economy, the dollar will fall with every rate reduction. And if the Fed does not reduce rates, the markets fall from domestic selling, and foreign investors lose unless they, too, sell. So no matter what, American equities collapse. And despite what some people think, they have a long way to go before reaching average levels ( i.e.P/Es of 12-15 and dividend returns of 3-5%.)

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