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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (22374)8/1/2001 9:17:34 AM
From: Crimson Ghost  Respond to of 30051
 
Jay:

An orderly drop in the dollar would be bullish for US stocks in the short run. Would be a positve for the economy and corporte profits. Does not negate the bear case based on extreme complacency and overvaluation, but certainly reduces the odds of a big selloff in the near future.



To: orkrious who wrote (22374)8/1/2001 1:06:00 PM
From: Zeev Hed  Read Replies (3) | Respond to of 30051
 
I do not have the dollar dropping sharply until spring of next year, a slow decline will be construed as bullish for international operators (like high techs), and thus a small and gradual decline (not a precipitous fall, which I do not expect) will impact first profitability, and only much later one flow of funds (which will be negative), so the monster rally will no be impacted, IMTO, at least initially.

Zeev