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

To: Silver Super Bull who wrote (8213)	2/17/2004 11:49:56 AM
From: Square_Dealings	Read Replies (2) \| Respond to of 110194

<when does the stock market find the dollar drop to be alarming, not alluring?> I think when oil goes to $40 bl. Its breaking out today. M

To: Silver Super Bull who wrote (8213)	2/17/2004 9:42:45 PM
From: FiveFour	Read Replies (1) \| Respond to of 110194

the question is whether the US equity market is fairly priced at comparable international levels. it had different dynamics, but i was in Argentina when deval occured. corporate revenue/earnings were in pesos, and many corporations carried significant unhedged debt in USD. after peso devalued aprox 3 to 1, increase in earnings stream uncertainty, debt in USD, you could hardly give away the stock. it took many long months to get to the point where equities could be fairly valued internationally and regain some liquidity. because of high us market liquidity and visibility, i expect repricing during/after deval to occur relatively quickly on an ongoing basis.