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To: Les H who wrote (228360)3/16/2003 1:18:18 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 436258
 
Interesting the talking head at Bloomberg think otherwise

quote.bloomberg.com

Sixteen of the 31 analysts, traders and investors surveyed Friday, or 52 percent, recommended selling dollars for euros -- less than the 79 percent that said sell the dollar a week ago. The dollar rebounded last week after tumbling to a four-year low on Tuesday as a rally in stocks fueled demand for the currency.

Euro Yen Swiss British Australian
Franc Pound Dollar

Buy 16 10 17 6 13
Hold 4 8 4 12 11
Sell 11 13 10 11 7
Total 31 31 31 29 31



To: Les H who wrote (228360)3/16/2003 2:29:26 PM
From: Lucretius  Read Replies (2) | Respond to of 436258
 
Breaking News: shrub says "get your war on"....



To: Les H who wrote (228360)3/16/2003 3:24:54 PM
From: yard_man  Respond to of 436258
 
nice

>>I am reminded of an old story about two villagers who encounter a bear in the forest and began to run for their lives. One villager says, "It's no use, we can't run faster than the bear."



The other replies, "I don't have to run faster than the bear, I just have to run faster than you."



Something similar, I suspect, will happen in the currency market. If the world economy goes into a tailspin, nemesis will catch up first with the yen and Euro, giving the dollar a break. The dollar looks unattractive, but other currencies look even more so.
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