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To: NOW who wrote (43186)	12/2/2000 1:18:32 PM
From: Box-By-The-Riviera™	Respond to of 436258

yep....when things start to look obvious maybe they caught the quote accidentally from C. cool accidentally revealed internal guidance would mean the top really was in..... never mind.

To: NOW who wrote (43186)	12/2/2000 1:20:32 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

on the other hand...... it just confirms they are short the dollar

To: NOW who wrote (43186)	12/2/2000 3:32:02 PM
From: Oblomov	Read Replies (2) \| Respond to of 436258

I agree, there is much pessimism about the dollar among the folks sophisticated enough to understand currency issues; the currency market is a market where J6P sentiment does not matter greatly. In a recession, the current account could quickly go to zero or even become positive... the rest of the world would obviously suffer greatly (worse than the U.S.) from a U.S. recession. This could have the odd effect of strengthening the dollar even as the economy weakens and the Fed cuts interest rates. The result would be deflation. Of course, I hold some physical PMs and PM stocks as insurance against a USD collapse, but, as a contrarian, I try to consider all possibilities.