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Strategies & Market Trends : 50% Gains Investing

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To: Henrik who wrote (30502)7/12/2002 3:03:47 AM
From: Dale BakerRead Replies (1) of 118717
 
The weakness in the arguments predicting the end of the dollar is the lack of focus on where the funds will go. Sure, the euro and the yen may appreciate a bit but the world has as little faith in their growth potential as they do in the US at the moment. The European stock markets are falling as fast or faster than Wall Street; debt problems, accounting scandals, all the same warning lights are flashing in London and Frankfurt as New York.

Is the world going to pour their money into Japan, still mired in intractable recession? Not likely. How much money can or will go into emerging markets? Not much, they lack liquidity.

We are certainly seeing a shift away from "rah rah USA" but until I see the world saying "rah rah somewhere else" I expect we will all just drift in confusion.
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