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Strategies & Market Trends : Waiting for the big Kahuna

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To: P.Prazeres who wrote (11799)	12/17/1997 8:46:00 PM
From: Lazarus_Long	Read Replies (1) of 94695

<< ...a lower dollar will help multinationals. >> Multinationals have overseas business operations. They report profits in US dollars, so the profits they make overseas are worth less (in US$) when they dollar is weak. This lowers the profits that show up in the income statement and EPS. The late sell-off in the Dow this afternoon is being blamed on this. 'Course, they gotta blame it on SOMETHING. BWDIK.

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