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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 (9235)	7/2/2002 12:29:04 PM
From: The Vet	Read Replies (1) \| Respond to of 16631

It is interesting that with all this carnage, the US dollar is strengthening against the Yen and the Euro. Obviously the US treasury, BOJ and European CB's are all in the market boots and all. It seems to be having one of those "unintended consequences" in that the offshore investors are using this intervention to unload their US stocks and bonds and get the money changed to their own currencies at the best rates. Offshore sentiment and confidence in the US market seems to be even lower than it is in US itself and by intervening in the currency markets the central banks are allowing them out of the market at the expense of the US investor. JMHO...