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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (2355)11/18/2003 8:17:56 PM
From: Wyätt Gwyön  Respond to of 110194
 
it will be interesting to watch the effects of this US dollar run. while Japan is likely to continue to try to prop up the USD, others may be fleeing. European investors are already bailing.

if an attraction to the USD was found among equity holders due to an appreciating SPX, what now with the SPX declining in Euro terms? Euroland sellers reduce strength for the USD and for US stocks, which further reduces the attractiveness of same...which begets further selling. and so on, and so on...

anecdotally, i just talked to a couple people who are quitting their jobs to play the markets (of course that means daytrading tech stocks "for the long run"). after a few good months, how quickly they forget the pain of the last three years! i think the next year is going to be an absolute train wreck in the market. i have been supplementing my foreign bonds with some QQQ March puts.