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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (66563)	5/13/2002 8:38:25 PM
From: t2	Respond to of 99280

Bill Gross: "We must be cognizant as well of the risk that a significant decline in the dollar leads to a withdrawal of foreign investment in Treasury and corporate holdings. " "We see the risk of a U.S. current account deficit “unwind” from near historic levels, which may be precipitated by a more than gradual decline in the dollar." Pimco's outlook now on their website; May/June 2002. Just released on their site this evening. Just posted a a couple of sentences above from this article. As the risk of a drop in the dollar is there, the markets have to price in this risk in value of the dollar. No wonder Gold stocks did not drop given the gains on the Nasdaq.