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

To: ajtj99 who wrote (87860)6/28/2002 8:47:56 AM
From: michael97123  Read Replies (1) | Respond to of 99280
 
Why is a weak dollar bad for (a) the economy, (b) stocks? I have been around the block and have seen the dollar strong and weak. Balance is key. My belief is that the dollar has been overvalued because of the effects of the bubble and now is just catching up with the reality. The big problem that lies ahead is whether the Bush team can get a handle on budget and trade deficits. Trade deficits should take care of itself with dollar decline. I believe what is necessary is a "War" tax surcharge. That little bit of fiscal responsibility would buoy the markets in my opinion. mike



To: ajtj99 who wrote (87860)6/28/2002 10:22:35 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 99280
 
Playing the devil's advocate one can take a much more constructive view of the US stock amrket. Since US stocks are doing doing well despite the collapsing buck, perhaps they will take off big time when and if the buck rallies.


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