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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: S. maltophilia who wrote (297887)11/17/2004 1:34:25 PM
From: Michael Watkins  Read Replies (1) of 436258
 
> It's been about flat in Euros. <

Very important point.

If you plot the market priced in Euros or Canadian Dollars, the market is still in a down trend.

With the clown buck falling - yesterday's international capital flows shows that foreign investors have been buying - but I've not been one of them. Who wants to fight 1/2 % decline in the dollar on average every day while trying to bid up this market?

If the dollar decline continues, just wait until the market does reverse.... ;-)
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