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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (1652)9/15/2000 8:30:43 PM
From: SGJ  Read Replies (1) | Respond to of 65232
 
Hey Jim. Good luck on the house. Whew just getting finally settled in mine myself. Just a heads up, it will at times seem overwhelming, but hang in there it will come together.
Hey how about a FED rate decrease next meeting? Lower interest to weaken dollar? Bring down relative cost of Petrol to Euros to try and stem a European meltdown? Help out the trade balance? Fed wants/needs to guide us in for a soft landing.

By the way, most Multinational's hedge currency risk, so the CNBC interpretation that it will affect earnings is not entirely correct.

As we all know there is NO inflation. Commodities can't get out of their own way. Most are at 10 year lows. Sugar, an exception, will be slapped down hard real soon as an enormous supply is getting ready to hit the market. The only one that has busted out is the Oil complex. But the Crude/Heating price is out of Feds control, despite Clintonian promises. They know and you know that it is in a speculative frenzy now...think QCOM in December. Has less and less to do with supply/demand and more and more to do with greed. It won't hold. Of course if the Fed does succeed in weakening the dollar, commodities will begin to rise some. Simply because the demand from Europe will rise as they become more affordable due to a stronger currency.

So, how about a rate decrease?

Quite a job, balancing a Global economy, NO?

Long and going longer as of September 15, 2000



To: Jim Willie CB who wrote (1652)9/16/2000 12:25:54 AM
From: RR  Read Replies (2) | Respond to of 65232
 
Hi Jim: Yes, I recall months ago you were forecasting the Europe scene. Way to go! You nailed it, Jim.

"You're so smart." Seriously, good job my Friend.

Seeems I also said back several months ago at that time to "short the Euro."

Heck, I tell ya, I'm just this close ( ) to going back and trading commodities. I did good with currencies years ago. Now that is risk taking and will make you take lots of Di-Gel.

RR