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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: scotty who wrote (22133)	8/4/1999 10:59:00 PM
From: James F. Hopkins	Respond to of 99985

They were bailing out a month ago, then a few came back in, but yes they are getting out as the dollar falls from their point of view our assets are falling more than they look to us, it was the same last year , the news pimps never told the truth about it, but the market really fell about 30% last year if you adjust it to the Dollar, and it's down almost 15% right now if you were in Europe and buying the SPY with EUs you would have taken a bath had you held. Foreigners hold about 12% of our stocks , (from some CNBC reports I got ) trouble is CNBC is only about halfassed on their reporting and their pundits are like trained parrots. I do know they hold mostly blue chips so if the part of 12% is true on a broad sense then it's a lot more in the blue chips, perhaps that's why the Mid Cap hasn't sold down as much, ( YET ). They own about 32% of the National Debt..and taht should have never happened, it was a total scam pulled on the citizens of this country with out disclosing the ramifications, sort of like the garbage the old use car salesman got famous for but this was worse. Jim