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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (78218)	6/8/2001 12:58:23 AM
From: gfs_1999	Read Replies (1) \| Respond to of 99985

Personally I see the dollar index range of 105 to 100 as critical. A weak dollar isn't good for Europe, Asia, Latin America ....... so dollar must find a level (support)so that US don't damage exportation from other contries. ...On can not argue that the returns in developing countries are far superior to US credit markets (ignoring the risks) From my banking contacts I get anecdotal evidence that money from overseas is buying it's own debt obligation (tax free of course). IMO High Yield Bonds from some countries like Brazil, Mexico already reached some peak. I can say this because I bought some Brazilian Bonds in 1997 where Face Value was 60% and now they are at 90-100% IMO time to sell even with 12% coupon. I can't image someone here putting money at Russia bonds. How to ignore the risk. I still believe USA is the best place to invest, interest rate in Europe and other countries will trade down. Just in Brazil interest rate is trending up due Argentina and Energy problens . Regards GFS