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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (30598)	5/2/2000 7:21:00 PM
From: hdl	Respond to of 42523

the dollar buys less gold, house, etc.

To: AllansAlias who wrote (30598)	5/2/2000 7:38:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

Allan, my guess is that the external value of the dollar will be the next victim of the print-happy Fed policies. the near parabolic spike in the dollar index is the squeezing of the early position takers based on fundamentals. as soon as that's done with, it's going to take a dive. bullish consensus on the dollar index was 97% recently...conversely on the Euro it was 4%. it doesn't get any more extreme than that. incidentally the parabolic move in the dollar index resulted in a "throw-over" over a trendline that has contained all advances up until now. such throw-overs often appear near a trend reversal. of course i'm probably early. it may have more room to go as the squeeze continues. btw, i am amazed at the sheer size of the Fed's recent airdrops. it's as if they're trying to stave off something...and it's definitely NOT inflation. apparently their foremost concern is the bubble at this stage. possibly stresses in the credit markets are also being addressed. they better wake up though. this is a dangerous game...