John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jorj X Mckie who wrote (4306)	8/1/2001 6:02:36 PM
From: John Pitera	Read Replies (4) of 33421

Hi Tom, as many have pointed out we've seeing some USD weakness. as Ray has pointed out some sectors of the economy such as manufacturing benefit, while other areas are hurt. I think that Public Perception plays a role,in this. And in a word this is Psychology..... Mass Investor Psychology. A nice downward drift of the USD may be very helpful for both the US and Global economy. The one possible snafu would be if we saw a sharp US Dollar selloff, and Investors get the idea that a further US Dollar decline is coming. That could prompt Portfolio managers, foreign investors and others to sell US Stocks, Bonds and other US Currency Assets. But that darker path is by no means what will happen. A weaker US Dollar does help Multinationals as the earnings from European and other overseas revenues are worth more in US Dollars when repatriated to the US. John

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