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

To: TobagoJack who wrote (21282)	7/16/2002 11:58:17 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

Jay based on the euphoria around the EUR and big switch into long EUR today being long EUR can be quite dangerous. Would admit that I said that at levels 2.5% lower than today and was quite skeptic 5% lower it still puzzles me why in March all prognosticators were predicting 0.85 EUR to the USD, not to mention that a year ago "respectable" WS houses were predicting 0.7 EUR to the USD by now. How those projection were made are beyond me except reading tea leaves which is very prevalent with currency traders are they are completely clueless <GGG>