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Strategies & Market Trends : Waiting for the big Kahuna
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To: Lizzie Tudor who wrote (61556)12/17/2002 4:57:11 PM
From: yard_man  Read Replies (1) of 94695
 
wrong reasoning concering the dropping USD -- reduction in the apparent value of US financial assets of foreign holders is the primary effect

and don't forget who is consuming most of the widgets produced. Foreigners aren't on a consumption binge fueled by a massive accumulation of debt ... add increased prices to an already overleveraged consumer who already has two new cars at 0%. Good luck, buying stocks on that basis.
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