Clown-Free Zone... sorry, no clowns allowed Message Board

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

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To: JHP who wrote (104553)	5/24/2001 1:47:34 PM
From: yard_man	Read Replies (1) of 436258

no, I don't know how long it will take I take exception to your constant blathering implying that the USD has found a new higher level and is unlikely to suffer a rapid setback in the next few months to couple of years ... such an analysis is like an auto-generated momentum indicator. I know the dollar is thought to be a store of value right now ... that's not what I'm talking about It simply doesn't depend on the silly things you reference -- individuals in foreign countries love for our currency. It is considerably more complicated than that ... we are on a cusp of sort, economically speaking, and in our financial markets. I'm not saying more upside for USD isn't possible, but that a rapid decline is more likely as time wears on and truth meets perceptions concerning our economy ... Keep your eye on the bond markets ... long rates back up a little bit more and I think it'll get started. Look at a chart of the USD index going several years back and maybe you can get some perspective --

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