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Strategies & Market Trends : Tech Stock Options

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To: Stoctrash who wrote (46902)	6/25/1998 3:13:00 PM
From: Lee	Read Replies (1) of 58727

Hi Fred,. Re:<<the whole bogus Idea of intervention into the Currency markets.>> There used to be lots more intervention back a few years but after a few days, whatever was trying to be propped up soon fell back to the levels that Fundamentals could support. Also, the market liquidity of the forex markets far exceeds what any government can contribute for intervention purposes, it's almost like throwing money away. I'm not so sure about the continued support because I think the US support originated after China finally protested. In any event, as we have seen from the past 6 months, currency attacks stop when the attacked country untertakes reform to rectify the problems. Also, although I don't have a URL, I've recently read that Japanese buying of treasuries is second to other buying now and they do not hold the bulk of our debt as a unit. But why would they sell when they're getting upwards of almost 6% return when at home can only get 0.5% for their holdings? The only long term yen charts I could find on-line are at the following URLs. barchart.com tfc-charts.w2d.com Hope that helps, Lee

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