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To: Les H who wrote (136528)	11/30/2001 1:26:51 PM
From: Tom Smith	Read Replies (2) \| Respond to of 436258

does anyone really care anymore? quote.bloomberg.com finance.yahoo.com^MERV&d=c&k=c4&t=1d

To: Les H who wrote (136528)	11/30/2001 1:45:49 PM
From: Haim R. Branisteanu	Respond to of 436258

Les, but in the meantime the Euro is up from 0.878 to 0.896 or around 180 ticks or 2.2% in one week. Never mind that medium term the Euro is overvalued as the European economy is as bad as the US economy (France had very weak employment numbers this morning). Currencies are traded like kangaroo jumping all over the place due to stop losses and central bank intervention. About 10 days ago they predicted 0.85 on the Euro and 0.884 was a golden opportunity to go short ......... now the story reversed itself. Last week Japan bought Euro and sold Yen to lower the Yen value versus the $$ now they will need to sell the Euro and buy $$ to lower the Yen bwdik Haim