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

To: Les H who wrote (49854)	5/8/2000 9:31:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

i'm considering the possibility of Euro disintegration as well. good thing that the CME still trades D-Mark futures and options... where will the money go? perhaps Japan...that'd be a hoot, to be sure. perhaps gold is going to get some of this itinerant money...

To: Les H who wrote (49854)	5/8/2000 10:21:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 99985

While I agree that the Euro may disintegrate, Soros, the source of that planted story, is not exactly unbiased: Mr Soros, who runs the $12bn Quantum Fund, is believed to have lost money betting that the euro would be a strong currency. I suppose if I had lost that kind of money I might also be whining about the need for regulation: But the financial speculator has now taken to warning about the dangers of unregulated capitalism in world markets. ... Free markets don't work ... "The new market fundamentalism is more dangerous to the world now than Communism," he told the BBC. "Communism at least has been discredited, while it is not understood that market fundamentalism is an equally false ideology," he said. Market fundamentalism: what happens when world governments don't bail you out of being on the wrong side. If the Euro was up, I'm sure Soros would be preaching against monetary intervention ...