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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (3699)	11/30/2001 1:27:10 PM
From: ahhaha	Read Replies (2) \| Respond to of 24758

Yep. A week ago I mentioned to Jochen that the dollar underwent a serious failure. Jochen thought I was wrong because it seemed to advance although it did so in a way that was very suspicious. Now it's dropping like a rock. The reason for this dollar weakness is that foreigners are pulling their dough out because they think the US can't grow like it did. They're right. Our tax rate is too high for us to grow without FED pumping furiously. FED can't do that because such action would pump up prices more than growth. Our debt is too high so mild inflation can't bail out the bombs, but the slow growth outcome will expose a lot of them. Who wants to be holding them? Which? 50% of US corporations are overloaded with debt. FED can't bail that out either. It's too far gone. When they pumped in the late '90s for whatever foolish rationalization, the corporations used the nominal wealth to extend debt in order to grab share. See ATHM. The stock market is following the dollar. The NYSE is now in the pocket of Richard Ney's specialist. You know what that means. They're bandits, Ney tells you, and they want all the money. Under normal times the market controls them, but now with the state of mind on the floor induced by the thousand unnatural shocks man is heir to, the banditry is in high gear. People should get the hell out of stocks and bonds, but especially mutual funds, if they don't want to go into indentured slavery. The specialist wants to own you.