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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: xcr600 who wrote (12001)5/19/2003 12:08:09 PM
From: Bucky Katt  Read Replies (1) of 48461
 
I don't believe anything that comes out of DC anyway, but that guy is a real piece of work.

And speaking of bs, can you believe this piece I posted on Jim's thread?

Looks like the smart money loaded up last week on protective puts, whilst they were cheap!!
Why would an overseas investor want to have to factor in a currency risk on top of crooked US markets?

Newly Defined 'Strong Dollar'
Signals Change in U.S. Policy

Treasury Chief Snow's Strategy Stresses
Confidence Rather Than Market Value
By MICHAEL M. PHILLIPS
Staff Reporter of THE WALL STREET JOURNAL

DEAUVILLE, France -- The Bush administration has abandoned the eight-year-old U.S. strategy of verbally supporting a "strong" dollar in foreign-exchange markets, Treasury Secretary John Snow indicated during the weekend.

While insisting the U.S. still has a "strong-dollar policy," Mr. Snow redefined what that means in comments to reporters at an economic summit here. He said the U.S. government no longer measures the dollar's strength by its market value against the other major currencies -- the long-accepted premise of that policy. Instead, Mr. Snow said "strong" refers to such aspects of the dollar as the confidence it inspires in the public and its resistance to counterfeiting.

The administration's new strategy carries both large potential benefits and risks for the U.S. economy. Currency traders carefully parse Mr. Snow's words, and his comments could trigger another selloff in the already-weakened dollar.

I have been betting against the US Dollar for the past 18 months, and I have yet to be wrong.
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