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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.53

+0.2%

Dec 2 4:00 PM EST

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To: Giordano Bruno who wrote (15083)	5/27/1999 12:36:00 PM
From: Les H	Read Replies (1) of 99985

Looks like the currency crisis is in Europe. Everyone was looking for a currency crisis in China, HK, SA, et al in submerged markets. They're now in recession and facing funding of Clinton 'Marshall' Plan whenever Kosovo is resolved in addition to budget deficits larger than expected. Also, makes it difficult to manage local economies with a common currency and central bank. Judging from the steady stream of articles positive about higher interest rates in the NY Times. Looks like the Fed is interested in jawboning interest rates higher and stocks lower.

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