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To: jim black who wrote (3092)4/18/2001 4:35:29 PM
From: JMD  Read Replies (1) | Respond to of 74559
 
Howdy Jim, let's keep my sparkling presence here our little secret. Hell, I'll wear out my welcome soon enough!
One possible hedge against an inflationary environment in the U.S. would be to be 'short' the dollar vs. the currency of your choice either through ownership of some European or Asian stock index OR through, e.g., Euro-denominated bonds. Some very sophisticated guys have argued that the greenback is wildly overvalued vs. the Euro. Of course the buck continues to defy gravity so to date they've been wrong on timing, but . . . .
As usual, I'm good on the theory part of this but the truth is the only 'foreign' stocks I've ever owned are 10 shares of Ford of Canada my grandfather gave me in the early Ice Age. Does anybody here know how to effectively implement a 'long foreign currency--short dollar' strategy? TIA, mike doyle

P.S. Qualcomm is an exception to every investment rule ever made: buy more you infidel!
P.P.S. I have a few shares I could make available :-)