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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: pater tenebrarum who wrote (1343)5/18/2003 6:16:51 PM
From: Haim R. Branisteanu  Read Replies (2) of 4905
 
Hi Heinz, you missed one very important point and it is the fact that "STOCKS" are bought with "FIAT" money and as such their "value" in FIAT money can stay at elevated levels for a long time. Your theory is based on pricing stocks in REAL money which is hard to find in circulation today.

As to the US stock market, one can claim for example, that the stocks did not go up if you price them in the fiat currency called EUR.

In FX terms the US market did not rally at all......... as always it is all relative........ not to mention if one bought US stocks last year in Argentina's peso's

At present I am not sure what can be defined as real money, but IMHO the present disconnect and turbulence in the FX market is an indication to the fact that the paper the Western World calls money is not REAL MOONEY any more, but something representing the perception of speculators and that of governments and administrations who issue this paper to manage their affairs.

Further I think that China and India and to lesser extent Russia & Co, and the EZ Unions are holding the keys to the world economy.

Of major importance to all, would be a realignment of those currencies which are pegged to the USD and a free market for the Yen which may alleviate the potential of crack in various derivatives
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