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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (23203)	12/31/2000 2:20:31 PM
From: Sergio H	Respond to of 29382

Ditch, the Euro dollar began its existance at a lofty price and naturally sold off. Consistent with today's market swings, the Euro sell off was overdone and now its recovery is underway, but anything beyond parity with the dollar is going to be another exaggerated move. There's still plenty of problems facing the Euro Zone, including inflation, unemployment and pressure to absorb the have-not's in waiting. Not to mention that as we live in a global economy, the slow down in the U.S. will have a more amplified effect on Europe (and other parts of the world) than it will here. Of particular interest will be the upcoming Bush vs Greenspan battle. Our new president's economic policy is at odds with Greenspan's strategy for a soft landing. While Bush favors a strong US dollar, the Fed needs to lower interest rates to promote growth. Greenspan will win the early rounds, but he can't maintain the same plan if Bush implements his strategies including large tax cuts. It will be interesting to see how this plays out. Sergio