The Millennium Crash Message Board

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Strategies & Market Trends : The Millennium Crash

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To: Investor2 who wrote (2163)	2/4/1998 2:23:00 AM
From: tekgk	Read Replies (1) of 5676

I2, Best of luck! Another 25% gain is certainly possible - stay alert and nimble. Watch the currency flows - if the Euro comes out strong in May there could be a rush out of the dollar. I view this is a good signal to get out of the US stock market. I had a post over on one of the gold threads a few weeks ago stating that I think that the Europeans are sandbagging but I couldn't prove it. At the big economic conference last week several economists and heavy weights came out with similar statements. My view is that foreign money going into US debt instruments and stock markets was twice as large a factor in the bull run as domestic money. Foreign central bank purchases have dried up and my view is that private purchases will eventually follow. Another factor is that mutual funds in the US are at the lowest cash levels that I have ever seen. If a large sell order materializes for whatever reason there will be a massive one or two day decline that will take out the entire years gain because the big pockets have already been drained. marketgauge.com Be careful out there - as always, these are merely opinions and your mileage may vary.

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