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To: Meridian who wrote (76707)10/18/2000 3:42:38 PM
From: isopatch  Respond to of 95453
 
No Meridian. But, IMO Dollar is KEY market to watch right now:

CB efforts to depress its overvaluation are a foregone conclusion.

They can't increase oil supplies so the only way left to lower energy costs to Asia, Europe and S.A. is to drive down the currency that oil is priced in an effort to try and forestall a recession which will most likely begin in Asia and spread from there.

If you have any doubts just watch the Asian markets whenever the CBs intervene against the buck.

Isopatch