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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (7349)	8/17/2001 9:05:46 PM
From: Moominoid	Respond to of 74559

Most of the other names I don't know first hand. I was just saying that they are in Aus domestic businesses. Hedging is critical. As you say some Aus mining companies have screwed up big time as the AUD went down. The weaker dollar IMO will lead to more foreign repatriation of money from the US market. Another hoel in Cramer's theory. The guy knows about trading but little else it would seem.

To: Mark Adams who wrote (7349)	8/18/2001 1:23:12 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

It's odd the things which cause a jarring sensation. <But it may blow a hole in Cramer's theory that we ought to be loading up on big US global firms as a play on a weaker dollar. > I was comfortable with my strategy. Well, not comfortable, but it seemed the nearest thing to the hills as in 'head for the hills'. Somehow, reading that, made me get uncomfortable. I can't put my finger on it, but I associate Cramer with wacky internet stocks and dot.bombs. Which is probably an unfair comment because I've read very very little of Street.com material over the years. But when one finds oneself in the same group as the crooks, wackos and manics of life, it's discomfiting. As I say, it's unfair, but somehow, I wanted to be the only person who thought that the US global essential industry technology stocks are the best place to be as a defence against financial mayhem or woes, wobbly currencies and recession. Seeing tulip-manics in my lifeboat makes me nervous. I suppose people would get in considering I've been floating around in it for years, waiting for today. I suppose his decision means I've made the right choice and now that the panic is warming up, my lifeboat will ride higher, paradoxically, the more people who crowd into it to escape the heating in the US$ ocean. There, now I feel better, Mqurice