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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (9339)8/11/2001 10:37:55 AM
From: Sergio H  Read Replies (1) of 13094
 
Good morning William. It's all relative.

Yes, the dollar slide has begun, and most notably as you cited because of the perceived improvement in Europe. As I am sure you know, the markets efficiently, even though sometimes not immediately, balance out overbought and oversold situations. Bottom line: The U.S. dollar has maintained lofty levels and needs a trim.

An example of a play on relative value is today's Barron's piece advising shorting home builders because builders have outpaced the market and are now selling at a premium to historic valuations.

It will be interesting to see where the wealthy invest their money when the real estate market slows down. Back to stocks?

Sergio
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