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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (15658)	7/28/2002 6:33:54 PM
From: Sweet Ol	Respond to of 23153

Gottfried, perhaps I was a little to subtle. What I meant to say was that no matter what we look at, everything has a downside. I was vaguely aware of the high debt of European companies, due mostly because they do not have a very broad base of stock ownership. Also, they have a long history of economic control by the elite few. I had not thought that much about this impact on bonds. I think that they are more likely to cut rates than to raise rates, so the value of the bonds is likely to increase as a result. I don't know much about bonds either. I just go on the TA. As you can see from the chart I posted, that fund penetrated the bottom of the channel Friday. If it does not bounce fast I will be out of it until the TA makes me want to try it again. But, I still think European bond funds are something to consider as an alternative to money market and short term treasuries for the next few months. It all depends on the dollar. I don't think they can prop up the dollar for long, but they may be able to do it in the short term. Best to all, JRH