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

To: mishedlo who wrote (94985)	7/16/2002 8:59:28 AM
From: t2	Read Replies (1) \| Respond to of 99280

What possible reason would you have for thinking foreign selling is ending. They have tons of our garbage to get rid of. I mean foreign selling of stocks; I think bonds have a very long way to go. That is where we should see the most damage near term as dollar drops. With a dropping dollar sharply, large cap stocks tend to start looking cheaper to international investors. It is a big unknown but my bet is that the DOW stocks might turn into a safer place to park money...as bonds are sold off also by US investors. It is an argument I read made by a gold bull. HE was more bullish on gold but thought Dow type of stocks should rally with a weakening dollar. So far is totally wrong....but does that mean it does not happen? I don't know but a fast dollar drop could do it, imho. (like I stated before, the best trade still looks like the shorting the dollar currency---better risk/reward than the stock market)