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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: maceng2 who wrote (172143)6/12/2002 12:29:10 PM
From: Haim R. Branisteanu  Read Replies (1) of 436258
 
Not only the US stock market was in a mania mode also Europe was in mania mode.

Currency levels are difficult to gauge over short term (several months).

The Stock market is supposed to be a proxy to the economy and after being unable to have some hard facts the monkeys at the big banks trading currencies are gouging the level of economic activity from the stock market.

They spread rumors and invent theories to justify their action but in reality no one knows anything. The real world hedger are much smaller than the bank speculators.

My point was that the swing is unjustified based on economic data. Further trade imbalances are invested in fix income the flow of overseas funds into the stock markets are relative minimal. Germany had their own "Enron" from what I know.

See the action today - the market is 50 point lower but the EUR is lower also ..... disconnect ? or reality seeping in
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