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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (14853)	10/23/2003 11:41:48 AM
From: George Burdell	Read Replies (2) \| Respond to of 48461

-- From the desk of the Australian's Robert Gottliebsen...host of Business Daily. When George Bush addressed the Australian Parliament he knew that the American market has measured by the Dow Index has risen some 31 per cent since its low point of just over a year ago. He was therefore confident that Americans were on the recovery trial. But in Australian dollar terms, the Dow Index has risen only 4 per cent since October 9 2002. In other words, most of recovery in the American stock market reflects the fall in the American dollar. Now it's true the Australian currency has performed better than the Euro and the Yen. Measured in those currencies, the American share market has had a bigger recovery - but it's not substantial. We are seeing is a dramatic fall in the value of American assets in the wake of the Americans big spending in Iraq and its determination to borrow large sums to restore growth. This means that overseas investors in the American market are not doing well. American companies must perform if the stars and stripes is to maintain even current asset levels. Few Americans, including President Bush, understand just how far their asset base has been down valued. -- businessdaily.com.au