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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (561)6/18/2003 8:48:33 AM
From: RockyBalboa  Read Replies (2) | Respond to of 666
 
And yes it would have been the better deal to short the EUR into 1.16s outright. At least I got my baby plunge in the Pound today, almost took teh full span.

For trading purposes I took in EUROS. It tries to find a bottom. I get the idea to stay a little longer this time by reading an article which puts the EUR at least at 1.20, perhaps even 1.40.

Is it greedy if I say, this time, theres more in the pound?

I'm leaning towards a short stock position preferably in the US Stocks, not the Euros, and tech, because of the higher beta and less favorable valuation.

I don't think that the idea the money flooding out of bonds goes into stocks is correct at the moment.