Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: macavity who wrote (52238)	8/11/2004 5:18:59 AM
From: Maurice Winn	Read Replies (1) of 74559

<Dollar strengthening is the last thing this market wants, needs or possibly expects. > What?!! Speak for yourself. My lonely little part of the market has been waiting for years for the US$ to strengthen and I want it to do a major strengthening. This process has now taken 5 years [from May 1999 when I was sure it would start any day now = the market bust, the interest rate slashing, the trough, the market clearing, the interest rate recovery which we are barely entering]. The whole process has taken 2 or 3 years longer than I guessed it would take and it's not over yet. I want to see the US$ go back to 40c to NZ$1 compared with the current 65c to NZ$1. NZ's economy is doing well, farmers are getting great prices and tourists keep coming, so maybe that's a stretch. Mqurice

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