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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (37466)	8/26/2003 8:28:06 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Haim, <<HK stocks crushed ? Bank reserve increase?>> ... YES. <<The USD is on steroids it seems that it reflects the speculative mood>> ... I BELIEVE SO AS WELL, AND I MUST HOLD ON TO THAT BELIEF, SO THAT I DO NOT FALL ;0) Chugs, Jay

To: Haim R. Branisteanu who wrote (37466)	8/26/2003 9:08:25 AM
From: sciAticA errAticA	Read Replies (1) \| Respond to of 74559

re: The USD is on steroids In my view, the USD is being bulled by the Fed and Treasury to compensate foreign owners of US Treasuries - in an attempt to stem further bond losses, a corresponding rise in yields, further derivative related selling, and popping of the housing bubble. For foreign bond owners, currency-related appreciation - thanks to the recently rising dollar - roughly equals the current drubbing in bond valuations. This process is likely abetted by a surprised and relieved recessionary Europe, thankful for a weaker Euro - while mystified by the 180 degree change in the administration's recent weak dollar (tonic for exports!) policy. It's amusing that the market digested a weak dollar as good news then - and a strong dollar as good news now. However, as with all corrupt maneuvers to bend markets to political agendas, this will fail in time, and likely backfire.