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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bob Mohebbi who wrote (508708)	12/12/2003 10:38:39 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 769667

Dollar vs Euro: I have first hand experience with what the impact of the current Euro value will be on European companies. I see it as devastating. The elevated Euro is simply unsustainable. The US competed with a .85 Euro. We will economically murder them at current valuations. In many ways a currency is equivalent to the stock of a company. The US has a high PE ratio - but it deserves it. The US economy PE is like a high tech stock compared to a stody industrial. The real problem now is devaluation of currencies in general - not an all powerful Euro - that is a great short!