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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (2105)	9/23/1999 11:36:00 AM
From: Daniel Chisholm	Read Replies (2) \| Respond to of 3536

... offer stamps for sale they he did not possess. Did he believe that he could obtain those stamps and make delivery to a customer? Attempting at a tender age a naked short in the cash market? ;-) Sorry to make light of this. I too have enjoyed reading Mr. Armstrong's commentary. Hopefully some or all of the allegations against him will turn out not to be true. It would be tragic to lose such a thought-provoking commentator and analyst. ObCurrency: Does anyone have a clue as to the goings on in the Yen? I am glad that I was forced out of my Yen short so long ago, I would have been stubborn enough to stick with it even longer and lose even more. I've basically been watching it (Dollar-Yen) in stunned disbelief and ignorance for over a year now. I just can't make heads nor tails of what is happening and why. My original thoughts of "severe banking system stress, fundamentally large and serious structural problems that they are culturally and institutionally incapable of attacking quickly enough, large national savings not adequately backed by national wealth, hey there's nowhere their currency can go but down" sure don't seem very astute given the FX moves over the past year... - Daniel