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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: John Pitera who wrote (44321)6/1/1999 3:03:00 PM
From: Lucretius  Read Replies (1) of 86076
 
Bizarro says we have already missed the buying opp of the century in stocks and bonds.. he also rec's that you short the yellow dog for the trash it is cause it broke one of his important little squiggly line.. which of course guarantees a total collapse.. never mind that intraday rally we currently have.. it will be flushed when investors come to their senses.

my chinese spies have reported back (g) :

U.S. Dollar Still Not Preferred by Chinese Investors in Shanghai
(5/27/99) The U.S. dollar exchange rate against the renminbi rose slightly from RMB 8.86/US$1 on Monday to RMB 8.90/US$1 on Thursday. The trading volume for U.S. dollars remained thin this past week.

Moneychangers in Shanghai did warm to the U.S. dollar this week. Many traders are willing to sell U.S. dollars, but most are still are reluctant to buy them.

The continuing government crack down on illegal currency black markets is the likely cause of the disinterest among Shanghai's currency traders.
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