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

To: yard_man who wrote (5342)	12/13/2001 5:45:34 PM
From: NOW	Respond to of 36161

exactly. There are MANY possible factors here at work, the least likely of which is the recovery scenario, historically. Who knows for example what treasuries are being sold to cover losses from the enron debacle?

To: yard_man who wrote (5342)	12/13/2001 6:36:26 PM
From: isopatch	Respond to of 36161

It's simple. They move out of dollars, into other currencies perceived to be safer from devaluation via excessive monetary stimulus. Or precious metals if distrust of paper assets becomes more widespread. Basically, if one currency appears likely to lose more purchasing power than another? It will always be sold in favor of the other. Viable money must to some degree provide a "store of value" as well as function as a medium of exchange. Isopatch