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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (2190)	9/26/2001 3:13:25 PM
From: Arik T.G.	Respond to of 36161

I agree. European money is going back home and will take its time returning to US markets. Their loss in Dollar denominated equities was compounded by the ~10% the Dollar had lost against their local currencies since July. Meanwhile some of the money rushing home was diverted to local markets made the bounce there bigger. Oil prices have larger importance on the continent (the British produce oil in the north sea), and that explains why the DAX and CAC (German and French indices) had a larger %age plunge and bounce then the FTSE (UK index). ATG