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

To: smolejv@gmx.net who wrote (21030)	7/9/2002 3:05:46 PM
From: AC Flyer	Read Replies (4) \| Respond to of 74559

DJ: >>It's a question in who do we trust. In this sense the backside of the greenback does not look too ... let's say ... encouraging<< Maybe not to you, DJ, but the market talks. There is still excess global demand for the greenback - to the tune of $2 billion per day - at a real interest rate in the range of 1 to 2%. What's more, the stock market also talks. The fact that P/Es are still in the stratosphere after two plus years can mean only one thing - the market is discounting significant future earnings growth.