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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (1351)10/17/1999 10:56:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 2103
 
It was already looking for an excuse..to many calls were out
and in the money and the dollar was having nothing but a hard
time. The dow lost 600 pts in our eyes this week, or 5%
but foreigners saw it as 6-1/2% due to the dollar drop.
We are no longer the safe haven we were last year..
and while they don't hold a majority of our stock it don't
take but 10% getting out to send her into a tail spin.
The Cartel of currecy changers will buy the market with
cheap dollars then cover their dollar shorts.
Without a tobin tax on currency swaps they have a money
tree they can shake any time they want.
Jim