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To: pater tenebrarum who wrote (122757)9/17/2001 11:47:07 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<the ECB just cut by 50bps. as well>>

I'm surprised it took this long, but perhaps they wanted a look at the US stock market first. No matter, the Euro remains grossly undervalued relative to the dollar, even with the recent moves up. The Peace Dividend has effectively been cancelled here as defense and anti-terrorism spending gets ramped up.