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

To: Haim R. Branisteanu who wrote (40175)	10/25/2003 6:14:02 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 74559

RE>> fueled fears that a rout of the US currency could derail world recovery. They are scared we may not have another bubble ? I'm with the Buffet crowd that thinks the market is still to pricy, let the dollar fall..& let the market fall too this trying to prop up some make shift recovery on borrowed money is for the birds. --- Perhaps if we fall good and hard then we will get real about digging out all the crooks who cooked the books over the years and do more than slap them on the wrist. We just haven't had enough pain yet to get serious about punishing the wall street racketeers. The SEC is just doing some damage control ( reluctantly at that )..the whole system needs cleaning up, and it won't get it if we don't really crash and burn. Jim

To: Haim R. Branisteanu who wrote (40175)	10/25/2003 9:11:33 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

<<US currency could derail world recovery>> Reminds me of Louis XV' "Appres moi le deluge" Every American is nodding approvingly. Yes, the world have to keep the USD up there else, there will be a 'deluge'. But lets call the bluff. Lets see what really happen.

To: Haim R. Branisteanu who wrote (40175)	10/26/2003 11:35:27 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 74559

Haim; I looked some more at what the falling dollar indicates.. Americans see the S&P 100 up about 28.37% from 03/11/03 However if you are a foreigner and diversified you see the ^N225 up 31.4% from the same date and the S&P 100 only up 17.77%.. .the FTSE up 22.77% and the Euro 50 ( ^STOXX50 ) up 28.4%.. The concern coming from the UK may have merit, investors there have been more diversified on a percentage basis for years. They just seem to be more comfortable with investing outside their own country more than most other countries do. ---- Perhaps looking at a few well traded webs would clear this up as the changes in currency is priced into the webs. finance.yahoo.com^oex&t=6m&l=off&z=m&q=l&p=e50,e20&a=vm,fs,vm,r5&c=ewj,ewu,ewg,ewc The fear must come mostly from the ewj ( japan ) dropping fast even with the yen on the rise.. the EWG is also dropping relatively fast with the Euro on the rise.. Clearly the OEX must look like a bargain to them, but it's not really going up..so where is the Money going ? --- At any rate the above chart shows the U.S. bringing up the rear and due to the falling dollar it's just about stagnated.. Take off 10.6% of the gain on the OEX from March 11.. Jim