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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (63020)	1/8/2003 9:32:27 PM
From: reaper	Read Replies (3) of 209892

<<why in the hell would ANYONE, especially foreign, hold any US$ denominated assets>> paper is in a bear market -- gold (anti-paper) is telling you that. first it hit stocks, then the dollar, and it'll get the bond too, but not before it touches 2.xxxx <ng> as far as why hold US$, what else are they gonna do? the world is dependent on the US continuing to run a gigantic trade (and current account) deficit; who the heck is gonna buy all the Chinese toys in Dollar Tree if the US economy goes down for the count? as long as we keep spending beyond our means, and they keep recycling the money back into the US, the game works. why do you think Japan is so deperately trying to talk the dollar back UP? for the non-wigglers, i think the only things that really need watching are the (i) dollar; (ii) gold; and (iii) TNX. (i) and (ii) have reversed very long-term trends and are in new and likely long-lasting SECULAR bear (bull) markets, and the reversal in (iii) is coming after one more down move. that's when we get to the boring but scary stage; nobody makes money in ANYTHING (except the lunatic fringe that owns gold). Cheers

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