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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (8177)	6/17/2002 1:15:05 AM
From: Dave Gore	Respond to of 16631

Biggest Worry is the Falling Dollar The key to to both the recovery of the Markets may be how the dollar does in the days (daze) ahead. A falling dollar and the corruption in the U.S. both take Foreign investment dollars out of the U.S. which is not a good thing for the U.S. markets. I agree that some stocks are getting cheap and the economic news is trending in the right direction (with the exception of Consumer confidence and retail spending.) Here's another view. While the ideas on psychology are interesting, it's a bit too positive, imho. They note that both the 80's and 90's started off poorly and ended real well. They think an inevitable "mother of all short covering rallies" is coming. It happened on May 8th, it can happen again, I suppose --- especially if we keep drifing down, down, down first. siliconinvestor.com