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To: long-gone who wrote (84173)4/4/2002 12:06:15 PM
From: PAUL ROBERTSON  Read Replies (2) | Respond to of 117064
 
watching the yen carefully. i expect it to head into news lows now. AG is funny, he is applying the money brakes recently only to find he is going to have to speed up like hell again soon. The whole fiat system is on the brink and he is trying to be cautious, now. Seems he did not learn from the last time they moved to increase rates. Can one only imagine. He thinks he has managed to shift some of the printing responsibilities to the Japanese. The US is going to tumble so badly when house prices start to fall. No one wants paper at 44 p/e. Can't imagine what there going to want when housing starts down and the banks start to cave as one business pummells another. JP Morgan is setting a good example.
What a hoot, this am i read where American small business that depends on cheap steel imports are screaming at GB. i guess George feels that the tax dollar has to come from somewhere and not the beloved consumer that is going broke.
The car adds are funny these days. Kia is advertising how much less expensive they are than the comparable Toyota. US cars don't even figure.
The whole system is in cave in mode now and i bet that the emergencies are going to get closer and more intense.



To: long-gone who wrote (84173)4/4/2002 2:24:38 PM
From: PAUL ROBERTSON  Respond to of 117064
 
should be a nice rebound here with test or failure, preferably failure, early next week. Then it will be off to test and break through the recent highs which may lead to a run away market. This, to me, all depends on the yen breaking down badly. For chart purposes, a run to the $330 level would be ideal. This would aid in setting up for much higher prices. It could just take off from here.