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


To: Knighty Tin who wrote (10345)3/17/2004 4:00:07 PM
From: mishedlo  Respond to of 110194
 
Mish, A rising currency is certainly bullish for an ETF (or closed end fund, but less so due to discounts) quoted in Clownbucks. The stock prices x the conversion rate will produce a higher index price if the conversion rate is better and the stocks are flat to up.

Thanks KT
Do you buy my theory that they already booked their sales and to make them look as good as possible WANT the YEN rise FOR NOW, only to resume later.

In fact, I will go one further and suggest that the article about Japan stopping YEN interventions was PURPOSELY timed right here (good for the remainder of the month of course). ggg

Mish