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To: Jim Willie CB who wrote (9260)	10/1/2002 3:05:47 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 13815

this is sad prepare for a wicked wicked storm when the USdollar goes below 104 now at 107 and languishing in poor fundamentals below 104 sets off all the major loud alarms absolutely unavoidable I'm also amazed at this capex implosion and not sure where the bottom is in most companies... sunw maybe 1.50, nvda maybe 5, orcl 5 etc. But what I am confused about is why all the focus on the US dollar all of the sudden with respect to tech stocks. The last time we had a recession and a falling dollar it spurred international tech spending and didn't hit the naz much at all (I'm talking 92-94 here not the bubble)... big money did move out of our mkts when the dollar started to fall but even that may not be a cause and effect since every international index is falling. The fed was engineering the mkts to let the dollar decline a little more than it did. L

To: Jim Willie CB who wrote (9260)	10/1/2002 11:39:30 PM
From: pbull	Respond to of 13815

SUNW: What about the people who have worked there the last 6-7 years and own a truckload of the stock? Fully agree about the Clownbuck, which either goes down or the unemployment rate goes up. Maybe both. Taking the clownbuck down exports deflation to Europe and Japan. Bill Gross, the PIMCO bond guru, favors German bonds over U.S. Treasuries for that reason (a little higher yield with a currency play). And he wants nothing to do with U.S. Corporates. Among stocks, about the only long ideas I have are in the drug group, which is really beaten down and that has only happened a couple of times over the last 20 years. Valuations seem OK and those are pretty good businesses to be in. Looks like some institutions are averaging in. Gasoline dropped from 1.36 here to 1.29 today. PB