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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2916)	5/3/2002 10:08:37 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 6346

there is a lot of pressure from manufacturers right now to influence policy makers to allow the dollar to be weaker...and of course today's jobless report is pretty much a spike in the coffin of higher rates, imo.. story.news.yahoo.com

To: Jorj X Mckie who wrote (2916)	5/3/2002 11:08:47 AM
From: GraceZ	Read Replies (1) \| Respond to of 6346

Its pointless and self defeating to defend a currency. I think that the Fed and Treasury are finally at the point where they are willing to acknowledge this.

To: Jorj X Mckie who wrote (2916)	5/3/2002 11:16:59 AM
From: Challo Jeregy	Read Replies (2) \| Respond to of 6346

remember what Bill Gross said? that's why I'm thinking that maybe the Fed raises a smitchen next week - for our capitulation low????????????? Inquiring minds want to know . . . US$ at new low- quotes.ino.com

To: Jorj X Mckie who wrote (2916)	5/3/2002 11:22:43 AM
From: John Pitera	Respond to of 6346

It's not so much the Fed's philosophy as the Treasury Secretary's. O'Neill has said before and was also quoted in yesterday's WSJ that in the bigger picture the markets determine FX levels and it was important to realize that. The USD is going down, as we know. it is going to help the earnings of the multinationals. Just look at a 1 year chart of KO, G, JNJ, PG. The SPX and NASD certainly look like they are going to work toward trying a true double bottom thesis with the Sept 01 lows. The SPX could likely break that level even.