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


To: Tommaso who wrote (1654)1/4/2001 10:44:42 AM
From: tradermike_1999  Read Replies (1) | Respond to of 74559
 
Soros wasn't short highflying internets in 1999. He lost a lot of money in the April market crash holding tech stocks. If I remember right one of his fund managers had to resign afterwards.



To: Tommaso who wrote (1654)1/4/2001 10:30:54 PM
From: Rolla Coasta  Respond to of 74559
 
I was very surprised to see the euro decline suddenly against the dollar after the rate cut. I guess the speculation is that rising US equity markets will continue to suck in capital from the rest of the world and keep the dollar overvalued.

I think in 6 months we might see Euro decline against the dollar. The Euro hike will be short-lived IMO. If the rest of the world has stable credit markets and the US high-tech semiconductor products can be deployed successfully around the globe, we might generally see the trade deficit goes down. But it really depends a lot on the stable economy abroad IMHO. Let's take China as an example. I see that economy becomes more mature and stable with little political uncertainty. We may see the trade deficit with US goes down after they've entered the WTO. Just a thought.

Q