Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (19048)	5/18/2002 3:50:33 AM
From: Maurice Winn	Read Replies (3) of 74559

<BTW, the kiwi currency is looking peakish after its 16-months' run:0)> Jay, yes. My little Tonka Truck of Kiwi dollars is starting to overflow with profits. I might have to drive it back to the USA in a couple of months where there are many bargain buys showing up in the telecosmic sharemarket world of thiolated microcantilevers. The anti-Green$pan doomsters who predict the demise of the mighty US$, while prancing around Aztec fires and sticking pins in Uncle Al dolls, aren't ready to capitulate yet. They think the run against the US$ hasn't even started, yet the Kiwi has gone from a low of 39c to the current 46c, which is an increase of 15% or so. Being a natural contrarian, I'm wondering whether the US$ might not hold ground from now on. Everyone else seems to be predicting a US$ decline of greater or lesser proportions. But having looked at the Dow graphs for the past 100 years - start here djindexes.com the last graph, for Y2K onwards, has a decidely volatile nature, which means value is a very uncertain proposition. djindexes.com Though 30% moves are very common throughout the history of the index, so it's no big deal. I don't like the "Rich Man's Panic" of 1903 or the retest of Dow 50 [a low of 41.22] in 1932 either. Mqurice

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