Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (78569)	3/24/2000 10:02:00 AM
From: Mike M2	Read Replies (2) \| Respond to of 132070

BGR, I am surprised by the duration of strength of the dollar one factor is that strong trends gain momemtum - a rising dollar and stock market attracts more money chasing the trend. The euro has replaced the Yen as the favorite carry trade - you want a weak currency that is expected to continue to weaken. the carry trade tends to reinforce these trends for a while until there is a violent reversal. The basic laws of economics have not been repealed a chronic trade deficit will take its toll of the dollar eventually especially when the US economy is imbalanced (maladjusted) towards excessive consumption at the expense of savings and investment. Yes BGR there will be tough love and economic violence for all thanks to AG and his masters. mike ho ho ho

To: BGR who wrote (78569)	3/24/2000 4:43:00 PM
From: Earlie	Read Replies (3) \| Respond to of 132070

BGR: Are Japanese selling U.S. stocks? The figures I provided are accurate. (Not a case of "if", but rather "how much".) Will it lead to a disaster? Probably not in and of itself, but as noted in the past, the Japanese are not insignificant participants in the U.S. markets and it will certainly assist in that direction. You refer to the indexes, the inference being that if the indexes are not punished, then there is no disaster. There are three major charades that are employed to keep the indexes looking good which masks the bear's stealthy activities. Unfortunately, many stocks are not part of the major indexes and on top of that, if one looks beyond the three major indexes, a disaster is already underway. Do you doubt this? Do you need a page full of stock prices down 40% to 60% to convince you of this? If required, I'll supply. Some poor sheep bought those stocks at the peak and are now counting losses. I notice you disregard the A/D. This isn't important? If you do not understand the pressures that are mounting against the dollar, then I can be of little help. It is going to be smacked by both the Euro and gold, probably within the year. The Euro has acquired an incredible acceptance already (42% of global bonds were denominated and sold in Euros in 1999,... a staggering figure under the circumstances). Already, certain jurisdictions in the Middle East have expressed a preference for oil payments denominated in Euros and gold rather than the traditional $U.S. and gold. Maintain your smug attitude with respect to the mighty buck intact if you wish. Me?,.... I'd rather read the writing on the wall and act BEFORE even the dullest bricks recognize what's coming. By the way, my favourite little gold has already provided a nice 150% profit and it will provide much more before it is over. Nor do I have to worry about the risk of owning stocks with PEs at 200 that could overnight become 10. With respect to Japan, do a bit of homework before you write silly little jibes. If you don't know something, and if you infer through your choice of words that facts I provide might not be accurate, it makes you look rather childish. Be grown up and challenge statements that you wish to dispute with countering facts or stats, not phrases carefully constructed to suggest disbelief. Takes more time, but is much more effective. Best, Earlie