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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (4306)	7/18/2001 7:25:44 PM
From: Raymond Duray	Read Replies (2) \| Respond to of 33421

Hi Jorj, Could a weak dollar save our economy? Now there's a complex question. The manufacturing sector would certainly love this scenario. But I don't see the Administration jumping to this conclusion. Can you point me toward any tutorials on the point & figure charts you are posting. I'm completely baffled as to how to actionably interpret what I see on the page. TIA, Ray

To: Jorj X Mckie who wrote (4306)	7/18/2001 9:25:05 PM
From: Moominoid	Read Replies (1) \| Respond to of 33421

I don't understand PF charts, could you explain what it says? Yes of coruse a weak USD would help the US economy. But I'm trying to work otu what the effect would be on the US stockmarket.

To: Jorj X Mckie who wrote (4306)	8/1/2001 6:02:36 PM
From: John Pitera	Read Replies (4) \| Respond to of 33421

Hi Tom, as many have pointed out we've seeing some USD weakness. as Ray has pointed out some sectors of the economy such as manufacturing benefit, while other areas are hurt. I think that Public Perception plays a role,in this. And in a word this is Psychology..... Mass Investor Psychology. A nice downward drift of the USD may be very helpful for both the US and Global economy. The one possible snafu would be if we saw a sharp US Dollar selloff, and Investors get the idea that a further US Dollar decline is coming. That could prompt Portfolio managers, foreign investors and others to sell US Stocks, Bonds and other US Currency Assets. But that darker path is by no means what will happen. A weaker US Dollar does help Multinationals as the earnings from European and other overseas revenues are worth more in US Dollars when repatriated to the US. John