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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (1784)	7/9/1999 12:21:00 PM
From: Marconi	Read Replies (1) \| Respond to of 10293

Hello Mr. Wexler: For timers and traders, small potatoes, not major funds, the econometric model indicated switching to money funds by the close Thursday, July 8 (with a switch to equities indicated by the close Monday, June 28). Beyond the very short term effect of econometric predictions, I am wondering what the dollar is going to do? Japan is saber rattling with the yen, the dollar is near highs, US rates are up a little, but something is going to have to happen in the currency markets this summer, and my gut instinct is I don't know but it could be messy. If the mess were to trigger a sense of poorness--reversal of the wealth effect--some balloons might pop. That will scare some folks. I don't want to be in the way of the mob of dummies who have too many dollars sloshing around. They have proven dangerous and crazy in recent years. Still I don't see how that much money can disappear overnight, so there may be some greater volatility stimulated in the equities markets if the currencies go out of hand first. Best regards, m