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

To: LLCF who wrote (21045)	7/9/2002 5:00:49 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

<MR. Market sees no profits worth holding stocks for at the moment.> Actually DAK, last I checked, all the shares issued and being bought on the markets every day are being held by Mr Market. Shareholders, including those who bought all the shares today, obviously see profits worth holding stocks for at the moment. Therefore, your idea is incorrect. <On the dollar... well, I'd be more sanguine owning it if it HAD been pounded... it's just started, as you point out> Two years ago, it cost US39c to buy NZ$1. Now, it costs US50c to buy NZ$1. That's a change of 11c on 39c = something like a 25% drop. Maybe you have different ideas about what's a significant price change, but in my selling days, if I could get a 3% price advantage, I could make a large difference to how many customers I got [selling fuels and lubricants]. If I could get a 10% difference, I'd be selling heaps. At 25% I'd just make a few phone calls and be out of stock. 25% change in currencies is a LOT. Of course the $Kiwi is just one little one of a horde of currencies, but overall, the US$ has already dropped significantly against the pooled global currencies. What % drop do you mean by 'pounded'? Or does 'pounded' mean US$ are converted to pounds and are therefore pounded. In NZ in 1967, we used to have pounds shillings and pence [a cruel imposition on children who spent a lot of time learning such an absurd system, used to value pounds, ounces, inches, feet, furlongs, stones, hundredweight, slugs, poundals, acres, gallons, quarts, pints, pecks, bushells and other nonsense]. In 1967 our pound was dollared and then in the 1970s, our pounds and miles were metred and grammed. Are you suggesting the USA currency is to be converted to pounds shillings and pence in a pounding process, to match the antediluvian miles, US gallons, pounds, ounces, acres, feet and inches? That would really push the USA backwards! The USA should stick with dollars, metricate the place [it is the 21st century], ditch the medieval superstitious religiosity and help form a reconstituted federal United Nations, to try to stay ahead of Africa which has taken the first step to federalisation of the biggest continent. Maybe the 21st century will go to the dark horse, Africa, in an amazing and surprising turn of events. I'm still betting on It as ruler of the 21st century... Mqurice