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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (6242)	6/3/2002 1:10:21 PM
From: John Pitera	Respond to of 33421

Tim, The USD usually does get a flight to quality bid when we have a war situation. Also the Moody's Downgrade of Japan creates some international market turmoil, and the could translate into a bid for the Greenback. John

To: Logain Ablar who wrote (6242)	6/3/2002 3:35:47 PM
From: Enigma	Read Replies (1) \| Respond to of 33421

This time the flight to quality has taken the shape of gold. Bush's trip to Europe hasn't left much of a positive impression - not helped by his lectures to the French and Russians on the subject of terrorism!! I can't help wondering if the dollar's woes (which will be good for exports - but bad for inflation?) will not be compounded by the growing lack of regard abroad for Bush and his dogged determination for unilateralism - witness his speech at West Point which seems to indicate that in spite of all advice from home and abroad he wants to strike at Iraq. Unlike you John, I'm not a fan! At all! Still, we should try to keep politics out of this - except insofar as it impacts on finacial markets? On the subjst of consumer goods, I've just returned to Canada from a trip to Charlotte, N.C. I couldn't help but notice the fact that there seemed to be more Japanese and German cars than American ones - with Hondas and Toyotas the most visible.