Groundhog Day Message Board

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Strategies & Market Trends : Groundhog Day

QQQ 625.05

+0.1%

Dec 9 4:00 PM EST

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To: Jorj X Mckie who wrote (2287)	4/25/2002 8:20:23 PM
From: John Pitera	Read Replies (2) of 6346

Hi Tom, The USD has been breaking down, It's really moved below it's 200 dma the past two days, and even the direction of the 200 dma is turning down.. When the slope of the 200 dma turns down that's a characteristic of a bear market. We've got to be thinking about global asset allocation models moving more money out of USD denominated markets. Especially equities and bonds. This is something we've talked about happening since the summer of 2000. John

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