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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 (2823)	1/3/2001 5:36:08 PM
From: hobo	Read Replies (1) \| Respond to of 3536

The market will bear close watching... as will the dollar. indeed. i understand currencies in particular move under long term trends that they do not change in a hurry, (not an expert here, so i could be wrong). the dollar started to slide versus the euro under the impression that the US will be entering a slow down/recesssion. in addition, as the experts claim, rate cuts take several months to work their magic. i believe that a good deal of the move today was due to short covering. we may be bouncing for a few sessions. i will be most interested in how the market would react to a proposed tax cut. this will fuel volatility, so i think the way to go would be options perhaps, and not necessarily in one direction only, until a trend gets established. perhaps this is the start to a sideways (and volatile), market. i have no idea how long it would last. ________ edit: by "this" i meant the rate cut, economic uncertainty, the possibility of a tax cut, and the question on the posssible surplus (or NOT). in other words, at this point, nothing is a "given" as many had the idea that the "Internet Revolution" would create "Nirvana" for everyone.