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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (2668)	12/24/2000 11:30:59 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 3536

Henry, whether the markets are given enough time to adjust to a plummeting dollar or not, is an interesting question. The result will be the same, liquidity will be drained from our markets, eventually, if the trade deficit is not brought into "balance", thus we should expect a lengthier bear market rather than an abrupt downsizing of values. I for one believe that confidence is a major factor in the market and a real bottom will not be put in place until confidence is "shattered". I still remembers the days when the Michigan survey was reading in the 70 range not the 130 as it is right now. Sure it has declined a lot, but it could decline much more. Bush/Cheney talk about a recession surely could help that Michigan index down quite rapidly. I think that they have already sealed their fate to be a "single term" team. Zeev