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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: PMG who wrote (35575)	12/4/2000 12:25:43 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

<<"The ship is disintegrating">> Euro was at 1.17 at its debut, it traded as low as .84.. if it hits .89, I can only say that it is stabilising. We need it badly at .84, the cumulative translation adjusmtent account was huge for US companies that could and have impacted the trade figures too. Do you realise that a ten percent improvement in Euro translated to nearly 2.1% improvemnts in reporting of the some of leading tech stocks. I see a possibility of rebound and I am long Euro as I ahve written here, however don't forget the rason of rebound is quoted as 'huge slowdon of US economy'.. I think if the bond is bid this recovery is an actual help for the year end reporting for US export oriented tech leaders.. Just in my humble opinion other side of the coin that needs to be analysed other than the doomsday .. since you encouraged me by this interesting remark..<<I think if one talks about such for month one should also have the courage to try to call it once it looks like it...BEFORE it actually happens. PMG >>