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To: Lucretius who wrote (51371)12/26/2000 7:21:58 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
Fantastic interview in TSCM with Ray Dalio of Bridgewater Associates.

thestreet.com

Basically, he thinks we're headed for a prolonged bear and that:

"It means that the last 10-to-15-year period in which U.S. dollar-denominated assets outperformed all others around the world has come to an end. And it means that we may be entering a period in which dollar-denominated assets will underperform.

Got EUR/WS?<NG>



To: Lucretius who wrote (51371)12/26/2000 8:47:54 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
yup...judging from the Rydex ratios, the shorts are so scared by their success that most bailed out quite some time ago. i think of the actual direct short positions in major stocks, much is due to delta hedging of derivatives (options) trades. of course in a rally these shorts do provide ammunition, as they get unwound using the same formula that was used to put them on. very few speculative short positions exist imo. and even the seemingly large short interest in leading NDX stocks is a drop in the bucket compared to daily volume and outstanding floats.

and why would there be many shorts anyway? every indication shows the public as well as the 'experts' espousing unanimous bullishness throughout the denouement thus far.