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

To: ajtj99 who wrote (89104)7/1/2002 2:34:11 PM
From: t2  Read Replies (1) | Respond to of 99280
 
Aj, Does this not look like a build up to a market Crash?
Maybe Crawford is right.

That is my bet too...and the crash materializes as soon as the Dollar index starts tanking again. It had a bounce today but the weakness in the markets is surely to start pushing the Euro and YEN higher.

I am more interested in playing bearish bet on the dollar than the stock market right now (only have some QQQ puts--and gold longs). The risk/reward might be better in currency trading. Soros thinks dollar goes 30% lower and with so much of the world's reserves in dollars, that theory makes a lot of sense....ie. dollar is a bubble that is being burst right now.



To: ajtj99 who wrote (89104)7/1/2002 2:51:28 PM
From: Jdaasoc  Read Replies (1) | Respond to of 99280
 
Around midday, when WCOM was even for day as new listing, I saw trinq at 1.7 then 0.22 then 4. So a trinq of 1.7 anit too good.

PS How long do you think they will prop up the TYC empty shell.


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