Hello JW, <<am I missing anything significant?>>
... do not know about significance and such, but perhaps at least spices and flavoring, in the case of food analogy, or splashes of crimson and dollops of black, in the case of a painting:
(a) Anecdotally, US domestic money appears to be de-camping the US in larger ever amounts, and foreign private money have been distancing themselves from the US for awhile. The Asian central banks and the emerging market clueless seem intent on holding their USD positions for now, until they can hold no longer;
Also anecdotally, money managers seem to be more frantic about the lack of obvious trades for large sums of money under management.
Can we see VOLATILITY increase in 2004 as the rats and roaches seek a way out of the burning house?
(b) We may have another war in 2004, unless the fear of election loss prevents the powers that be from pushing forth, in which case we will have a new and roguish nuclear power that is hungry for food and oil; and
(c) We may have an election loss or an election win in late 2004, but definitely we will have election confusion in 2004. The financial markets do not enjoy confusion in good form.
The above, together with the on-going ME situation and development in energy commodity pricing, is not great for paper assets in general.
… and then there is this nypost.com … open wide and say ahh :0)
Chugs, Jay |
