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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (13398)12/14/2001 8:57:27 AM
From: DlphcOracl  Read Replies (2) of 99280
 
Zeev: Since the turnips have the Nasdaq continue to decline into the end of December, I was wondering whether this was based on your technical indicators or your market sense. Historically, the final week in December is the strongest part of the month, possibly because money enters the market to position itself for the "January effect".

Interestingly, something you may not have thought of:
Kenneth L. Fisher, who writes a column for Forbes Magazine, believes the introduction of the Euro in January 2002 could "cause temporary but widespread dislocation". He reasons that "some $850 billion of earnings goes untaxed in the Euro zone as a direct result of tax evasion and other illegal activity, resulting in the accumulation of upwards of $200 billion in legacy currencies in the hands of Euro zone citizens. This money will eventually need to be converted to Euros, an event which European tax authorities hope will provide an opportunity to tax and/or criminally penalize the holders of the undocumented money. As this reality sets in, fear of taxes and retribution could cause significant dislocation to Euro market participants."

Your thoughts on my question and the above K.L.Fisher thoughts are appreciated.

DlphcOracl
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