Abby, Dow will DROP 2300 pts in 2003 from US$ decline
she is on record now, expecting +2300 movement in S&P next year
what a ho!
I may be repetitive, but so what?
here goes on what these strategists miss badly
THE DYNAMICS OF CHANGE
these guys totally ignore the relevant dynamics of change
falling dollar means not only aggregate arrest of deflationary forces (to some extent), but release of inflationary forces in certain sectors where it has already begun to show
falling dollar erodes asset values for foreign holders of stocks and bonds
they will sell more, just like spring and early summer
decisions on assets are made based upon recent movement, which is discerned as a trend, and thus expected to continue
if foreigners see the dollar as continuing further down, they sell American assets
falling dollar means supply costs rise and profit margins worsen
supplies in the form of raw materials have risen
supplies in the form of imported components will soon rise again
our Asian friends will have to allow prices to rise in dollar terms, or else eat the entire change in their profit margins
there is no other way out
so corporate earnings falter more
they are already pinched from zippo pricing power
falling dollar means slightly higher interest rates will very likely be necessary to stem the currency bleeding and maintain an equilibrium balance
if the prevailing longterm and shorterm interest rates remain unchanged, then dollar selling continues
this is the horrendous risk by Feds who are hellbent on controlling everything but their own discipline
higher rates will hurt corporate earnings even more
so stocks drop, rates rise, prices increase from imported inflation
hey AbbyJo, try learning some effing economics, fool whore!!!
this stuff is not all that complicated, when you remove the red dress that hikes 16 inches above the knee
bright red skirts and cranial activity dont go hand in hand
these guys ignore the dynamics unleashed right before their covered eyes only 4-8 months ago
they learn nothing
since they are so entrenched in acting like whores and ignoramuses
I hope in time that the brokerage and investment banking industry shrinks to 1/4-th of its current size
just large enough to handle the flood of precious metals miners seeking stock issuance financing
30% layoffs in investment banking so far
gonna be fun watching continuation of pink slips to whores
a whore is as a whore does -- sell lies, compromise truth, watch the essence of integrity drain out
/ jim |
