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To: Oblomov who wrote (43198)	12/2/2000 5:25:52 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

I like this guy's take ... bust it will, but they may shoot the works first. Other countries are hostage to the strong US dollar, too gold-eagle.com I expect gold and gold shares to slump one more time -- I certainly won't cry if I am wrong. ;-)

To: Oblomov who wrote (43198)	12/2/2000 9:00:02 PM
From: PMG	Respond to of 436258

no, I think this is not contrarian. I think it just shows that they know very well what game is being played. Their propaganda front just not involves the currency market. The € has definitely left it's down trend in just a couple of days without any central bank action. So this is a new issue and they may not short the $ much by now. But if they planned to go 150% the stock market at someone mentioned here a week ago they will probably go 250% short on the currency market as the stock markets have become very sensitive to large selling (i.e. stocks offer much worse liquidity than the $ currency now). I guess a lot of foreign money is parked in the $-DOW as a "save haven". When the decline of the $ gains momentum (repeat the last 3 days?!), the selling in the indexes, especially in the DOW will be left-no-prisoners style as it has nothing to do with valuations anymore. Money in the DOW is defensively invested money which should be VERY sensitive to a declining $. Only good thing left is that the Yen is equally weakening an thus the $ is the less evil though the horse to bet on right now seems of course the €. BTW, who thinks there is a chance to see the DJIA below 9000 till 12/12/00?? PMG