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

To: pater tenebrarum who wrote (35658)	12/21/1999 7:53:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 99985

derivatives. its highly likely that the worst part of whatever is coming occurs on Jan 2nd where upon a HUGE number of currency derivatives dealing w/ the dollar will have expired. think of it as 1987 option expiration on a much GRANDER scale.... -g-

To: pater tenebrarum who wrote (35658)	12/21/1999 11:38:00 PM
From: NickSE	Read Replies (2) \| Respond to of 99985

heinz, Here's why the dollar remains Da King of Da Currencies: -Foreign investors own almost $1.3 trillion in U.S. government securities, 40% of Washington's $3.2 trillion in accumulated marketable debt. Five years ago, foreigners held $641 billion in Treasurys, just 20% of the total - WSJ (12/20/99) -Europeans put 65% of their U.S. portfolio investments into stocks this year, up from 40% in 1998 and just 19% in 1997, Wrightson calculates - WSJ (12/20/99) but i have asked myself why the current account deficit and the massive monetary inflation have not yet led to to a sharply weaker trade-weighted dollar, and i can't come up with a satisfactory answer, except perhaps a new era oriented one that holds that the U.S. is attracting an inordinate amount of foreign investment Regards, Nick