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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (61611)	12/18/2002 5:10:00 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Could be. They may have to fall first, though. If the dollar breaks, the top in bonds is in. Who will tolerate 3% with a 20% currency decline? Usually, though, everything gets sold in the event of currency crash, unless, of course, the dollar gets to be so low that companies become "hard assets" similar to gold. This happened in Turkey and Indonesia, but not in South Korea or Russia during currency crashes. I think we will see a lot of debt related troubles for companies now, too many to pull stock indexes up. All imho.