Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (91852)	8/27/2001 4:00:32 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

Hey Mike, I know you can't discuss investments, but let me put it this way. Eighteen months ago it was perfectly clear to a number of us that the NASDAQ was vastly overpriced, and none of us have been surprised to see it fall over 60%. Right now, it is perfectly clear to some of us that the U. S. dollar is greatly overvalued, and we would not be at all surprised to see it fall over 20% from its peak. Since it is already down about 8%, that 20% doesn't seem all that distant. Of course what was 12 % of the top is about 14% from present levels. Such a decline has huge implications for U. S. markets and ominous implications for the U. S. inflation rate. The "huge" implication results from any attempt to control the inflation. I did all right in the bust of the NASDAQ, though I was short much too soon and got spooked out of some of my LEAP puts much too soon. (I am still waiting for the next two shoes to drop from this three-footed monster and doing OK on LEAP puts on the Dow). Just wondering if you had any gut feelings about the dollar.