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Pastimes : Home on the range where the buffalo roam

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To: Jim Willie CB who wrote (9260)	10/1/2002 3:05:47 PM
From: Lizzie Tudor	Read Replies (1) of 13815

this is sad prepare for a wicked wicked storm when the USdollar goes below 104 now at 107 and languishing in poor fundamentals below 104 sets off all the major loud alarms absolutely unavoidable I'm also amazed at this capex implosion and not sure where the bottom is in most companies... sunw maybe 1.50, nvda maybe 5, orcl 5 etc. But what I am confused about is why all the focus on the US dollar all of the sudden with respect to tech stocks. The last time we had a recession and a falling dollar it spurred international tech spending and didn't hit the naz much at all (I'm talking 92-94 here not the bubble)... big money did move out of our mkts when the dollar started to fall but even that may not be a cause and effect since every international index is falling. The fed was engineering the mkts to let the dollar decline a little more than it did. L

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