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

To: Boplicity who wrote (52568)	6/3/2002 8:30:36 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 65232

i was exaggerating a bit for effect. and i agree with your take....i think a lot of institutional buyers are unwilling to take large stakes until the perceived bottom is in... everyone talks about the market being oversold....but unless there is a significant rebound in earnings growth, i still believe it is overvalued. (hey at least i'm talking about it again....that's gotta mean somethin') :)

To: Boplicity who wrote (52568)	6/4/2002 12:26:56 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

low trading volume very probably from departing foreigners this is a big big trap promoted by US media they report low volume they make passing comment to declining USdollar they make occasional comment on European perspectives but they provide zero added value, putting it all together and making any credible adept conclusions the dollar and S&P are in tight correlation now the dollar is now at the edge of another 4-5% quick decline US stocks are not all that Europeans are eschewing true for corporation purchases, exports, and more low volume is from foreign gradual abandonment of US markets the reasons have to do with many factors hard to gauge accurately, but imho: - poor prospects of US economic recovery - perception of USdollar being overvalued - evidence widespread of accounting fraud, exaggerated earnings, executive criminality, basic deception, ergo dishonesty - expectations of much better returns in other nations - fear of terrorist events, associated costs and losses - moving to the side as US war footing deepens - aversion to escalating US federal deficits and higher rates - possibly fear and expectation of derivative explosions in gold, bonds, swaps, currencies - possibly fear and expectation of failing large banks low volume is NOT about lack of seller commitments it is about the declining dollar if you have evidence to the contrary, Greggy, please share / jim