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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (11305)	5/23/2003 7:55:01 PM
From: who cares?	Read Replies (1) \| Respond to of 11447

If not smarter then I would say currency market are at least harder to game than equity markets just due to their bigger size. Also as I pointed out, the bonds are moving with the currency and against the stock markets. If the equity markets are all that, then why would people accept 40+ year lows on bond yields instead of putting the money into the stock markets? Since the currency and bond market are so much larger and liquid then margins get compressed way down, so you can't afford to be wrong. It's just like on so many crappy stocks, where you see the equity gyrate wildy while the bonds just slide off into oblivion. As for the Euro, I personally think it's crap. Germany is the biggest member and there economy by all accounts is in worse shape than our own, the rest of Europe isn't any better. I have a friend in Europe that thinks the Euro will stay strong(relative only to dollar and yen) only because it's Europe and they will all argue and not make a decision as far as cutting rates, or when they do they will still be a cut or two behind. They are also restricted at least in theory, on their ability to run deficits, though it seems like they all are in violation or near violating this EU member requirement. Really it's just going to be a constant race to destroy currency as US, Japan and EU do more and more gaming of the system to try to force growth to happen instead of a nice healthy contraction, the winner out of this will be gold.