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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: David W. Taylor who wrote (1559)12/23/2000 2:03:51 PM
From: jim black  Read Replies (3) | Respond to of 74559
 
And Cheney and the old man will be runnign this administration. I have been absolutely appalled at the cave-in to the christian right who were instrumental in electing Bush, silent in the process, but now wanting their due. I just puke at the Attourney General praying publically
before a major announcement, like he never had a clue of separation of church and state. Pathetic poll on CNN this past week. ~54% of people who now choose Tweedle Dee instead
of Tweedle Dum. What a wonderful next four years. And all these idiots hoping for a tax cut (for the rich, who paid for Tweedle Dum's election), the rest of us be damned, particularly those in the so-called middle class who are going to bear the brunt of inflation and or depression when the bills to the piper come due. No, I am not ranting about the election, but the candidates, the myopia of the masses
and the boat that bears us all to rocky waters.
Jim Black



To: David W. Taylor who wrote (1559)12/23/2000 9:13:52 PM
From: Tommaso  Read Replies (1) | Respond to of 74559
 
"Yes, but the foreigners that have placed their capital in the US will run if the US $ takes a beating, which it is
starting to do."

It sure is. The Euro is up from .85 to .92. Rumor is that Arab countries want payment in Euros, not dollars.

And if the Fed lowers rates to help out the US stock markets or the economy, the dollar will fall with every rate reduction.

And if the Fed does not reduce rates, the markets fall from domestic selling, and foreign investors lose unless they, too, sell.

So no matter what, American equities collapse. And despite what some people think, they have a long way to go before reaching average levels ( i.e.P/Es of 12-15 and dividend returns of 3-5%.)