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

To: bobby beara who wrote (70200)	5/22/2002 12:21:38 AM
From: t2	Read Replies (2) \| Respond to of 99280

Also think the Dollar near September lows could lead to a short term bounce. (but the longer term trend is still down, imho) Just have to remember what happened in the late 1990s during those Asian/Russian currency crisis. My hunch is the central banks over there loaded up on Dollars to help avoid a repeat. The funny thing is they were probably unprepared for the very opposite...a weakening dollar. Now they are probably in no position to weaken their own currencies. For example, Japanese government has been vocal for a week and trying to talk down the YEN.....it has not worked at all! My hunch is that it is becoming a race to get out of the position of having very large dollar reserves. That will pressure the dollar for a while. It seems after every little bounce, the selling pressure has been intensifying. Too many overseas banks and corporations/individuals have too much in dollar reserves...making it a bubble, imho. We know what happens to bubbles. To me that means holding gold is the best strategy but buying some US based multinational stocks might be a close second. I would wait a little more before picking up the large cap stocks. US bonds or money market is a bad idea, imho.