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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (19450)	6/3/2002 9:40:33 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi DAK, <<... all about the liquidity problems of mutual funds and individual investors alike at the bottom ... Hell, there is a TIDAL wave of cash on the sidelines>> Yup, all kinds of phrases from the good old days can now be paraphrased, and have their meanings stood on head:0) Mr Roach is already hinting not so subtly about central bank overhang of USD reserve, and referred to Greensputin's comment about how central bankers prefer to aggregate around rising currencies at the cost of weakening paper. As the CBs were lining up to announce the sale of Au from their reserves, perhaps now they will queue up to talk their reallocation away from dollars? This was referred to on CFZ already ... morganstanley.com Chugs, Jay