Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (163165)	5/1/2002 1:59:02 AM
From: KeepItSimple	Read Replies (2) \| Respond to of 436258

You're looking at it the wrong way.. If owner occupied housing market is at its lowest level in 36 years, that must mean they're at the bottom and have nowhere to go but up! It's clearly very bullish! You have to remember that the primary trend for all financial and economic markets is UP in perpetuity. Every dip is a buying opportunity! If you wait long enough, theglobe.com WILL return to $380 per share. It's just a matter of being patient enough and promising yourself to never sell- like a good patriot. --------------------------------- owner-occupied houses dropped 13.9% to 376,992 units in the year through March, the first fall below 400,000 units in 36 years.

To: Les H who wrote (163165)	5/1/2002 8:26:35 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

DJ. US Dollar Under Pressure As Net Portfolio Inflows Slow By Jamie McGeever Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Portfolio flows data this week show that capital continues to flow into the U.S. and out of the euro zone, but it's the dollar, and not the euro, which is weakening. That's because the U.S. needs to attract around $33 billion a month in foreign capital to fund its current account deficit and the $15.6 billion net foreign purchases of U.S portfolio assets in February were clearly not enough. The dollar is, therefore, feeling the pinch. "The data provide continued evidence that foreign appetite for U.S. paper is waning and that, consequently, financing the current account deficit is becoming more problematic, with attendant negative implications for the U.S. dollar," wrote Paul Meggyesi, currency economist at Deutsche bank, in a note Wednesday. Foreigners bought a net $7.25 billion of U.S. corporate bonds, $6.23 billion of agency bonds and $2.1 billion of equities but they sold a net $169 million of Treasuries in February, the U.S. Treasury reported Tuesday. Broken down, the data is even more worrying for dollar bulls. Net equity inflows from foreign investors were down from $8.6 billion in January, well below the 2001 monthly average of $11.6 billion, according to Deutsche's Meggyesi. And corporate bond inflows from foreign investors - which totaled a net $221.86 billion last year and were crucial to underpinning the dollar - are slipping fast. Meanwhile, similar data released by the European Central Bank Monday revealed another sizable capital outflow from the euro zone in February. On top of a net EUR9.9 billion net direct investment outflow, a net EUR9.9 billion flowed out of the euro-zone's portfolio account, the ECB said.