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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 159.13-4.4%3:59 PM EST

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To: Kirk © who wrote (10520)7/23/2002 11:32:31 AM
From: Jim Willie CB   of 10921
 
the bad apple is the USDollar, going down another 25%

you seem to accept the easy explanations out there now
investor trust erosion, fraudulent accounting, expensing stock options
a few bad apples

or is the Anderson apples the same as almost all other accounting apples ?
or is earnings statment the same at most other S&P firms ?

that news has been out there for weeks now
NO

there is another story unfolding, not yet revealed
it has to do with the declining USDollar
we havent seen the fallout yet from the decline
and from what I understand, from my experience, from my knowledge of currency history, from what traders are saying in Europe,....

from the widening US trade gap
from the widening US federal deficits

THE USDOLLAR IS GOING MUCH LOWER

but we still have yet to see and feel the fallout

IT WILL HAVE TO DO WITH US AND FOREIGN BANKS
MY GUESS IS NYCITY BIG BANKS
MY GUESS IS ASIAN BANKS
AND NOT TO FORGET THE PATHETIC SOUTH AMERICAN BANKS

worldwide banking crisis is unfolding
in early stages
75% of world banking reserves in foreign banks are in USTBonds
they export goods to USA markets
they buy TBonds with surplus
fast forward 20 years

NOW COMES THE CONSEQUENCE OF REPLACING GOLD IN BANK RESERVES WITH DEBT
watch in horror
/ jim
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