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To: Hawkmoon who wrote (53080)	5/22/2000 1:06:00 AM
From: LLCF	Respond to of 116764

<As for those who got hammered by the collapse of the Euro, list the Japanese who sold quite a few dollars in order to diversify their currency holdings into Euros. They are now down over 25% in less than a year and a half. And that is a chunk of change we're talking about in the 10's of billions of dollars equivalent.> My take on the situation is that this is more of a dollar anomoly than a Euro one. I believe that the widely publicized interest rate hikes as well as the soaring stock maket here over the time period you're talking has sucked in tons of overseas money. As for the Japanese, only time will tell if their 'diversification' was wise... as for the sort term hit... what the hell, look at all the dollars they DO hold, they look like freakin genius'! I'm more interested in seeing if that lasts. IMO the Euro is within a few % of bottoming vs $ here. Bold call, but the Germans are still running the show, look at a post war DM/$ chart. Hopefully it doesn't happen till we get a chance to do the S&P poot/ German Porsche spread. :) DAK