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To: pater tenebrarum who wrote (114644)	7/27/2001 9:02:51 AM
From: JRI	Read Replies (2) \| Respond to of 436258

Heinz- Can you explain the logic to me....that CNBS seems to love to "spread"...that a weaker dollar will be good for the U.S. stock market? (Of course, I know how lower dollar can help multis improved translated earnings...but short-term, it often can't help (they are hedged), but also many tech companies generate a majority of earnings in U.S. anyway).. But the weaker dollar is gonna lead to less attactive return for foreign investors in US markets, so net/net, weaker dollar seems like a loser (for US markets), especially given the crappy growth environment (and differential w/other countries)... What am I missing here? (if anything)