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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (11507)	4/8/2002 8:55:29 AM
From: robert b furman	Read Replies (1) \| Respond to of 19219

Hi JT, The logic goes with a weaker dollar exports become more expensive. However in a market with LARGE excess capacity - I don't see where pricing is afforded to anybody. Best example is Micron.You don't hear about the strong dollar helping Hynex make a profit.Their (Micron's) efficient manufacturing took Hynex to bankruptcy.In 98 the Asian Contagion taught foreign governments that subsidy is an expensive road to go down for "employment's sake".With a weaker dollar - Micron's profits will go up - I don't think prices would automatically go up - unlees of course if they reduced capacity.This price change would be more capacity related than Dollar related. Bob