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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (50967)	5/5/2002 7:13:41 PM
From: Jim Willie CB	Read Replies (5) \| Respond to of 65232

the best analysis I read says down dollar hurts bigcap stocks those are most traded by foreigners money IS NOW going into the Euro, now now I expect dollar to slide until euro reaches parity has gone from 84 in january to 92 now sure, some multinational stocks will see benefit in currency translation but I think many bigname stocks will get hurt USTreasurys will get hurt secondarily as dollar picks up speed downhill later dont go talking about money on the sidelines that money has been timid since June01 money markets, CD's, gold funds are where they are going they go to what works maybe you arent claiming sidelined cash will be eager to return to stocks believe it or not, a big Japanese rally is underway I believe the biggest surprise this summer will be gains the Yen makes against the everpresent oversupplied dollar I dont care about any argument on stock buybacks that is the most pathetic deployment of capital they should instead retire debt, which will kill them I have a bet with the CEO of my private firm I bet that by Nov02 Xerox will declare bankruptcy maybe they too have been involved in stock buybacks their debt is 5x their marketcap last week Moody downgraded their debt to JUNK / jim