Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Dr. Voodoo who wrote (47288)	3/11/2004 9:44:32 PM
From: EL KABONG!!!	Read Replies (1) of 74559

Hello Dr. Voodoo, I do believe that the dollar is open for a speculative run right now, I fear I do not know who or from where the catalyst will be? It would take some pretty deep pockets to push the boulder off it's perch, and I think it would have to be based in the US. No? No, not necessarily US based... All that really needs to happen is for investors/speculators to perceive that US$ based holding are less risky in times of uncertainty than holdings based in other currencies or lands foreign to the US. What happened in Spain today is just a small example. After the news of the bombings became known globally, there was a relatively small run on Spain's markets. The uncertainty in Spain did not result in a rush to the perceived safety of the US$ (this time), but it could have... KJC

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