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To: Lucretius who wrote (217481)1/29/2003 3:10:39 PM
From: Tommaso  Respond to of 436258
 
Now that the Euro is worth about 25% more than it was at its low point, prices of US stocks quoted in Euros are leveraged 25% more for a move in either direction when reported in US dollars. I noticed that obvious thing when following IBM on the AM call. Premarket selloffs in Europe can move the opening in the US by 25% more than a year or so ago. Guess that's what happens all the time in places like Argentina.