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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gregor_us who wrote (5383)	5/1/2004 11:49:01 AM
From: Haim R. Branisteanu	Respond to of 116555

will see tomorrow evening how FX markets react. In all sincerity if stock traders are clue less they are still geniuses with regard of FX traders. aside from headlines they do not read anything just mumble nonsense numbers / levels and TA projection and each trader / broker interpreting it in a different direction

To: gregor_us who wrote (5383)	5/2/2004 10:45:30 PM
From: Hawkmoon	Read Replies (6) \| Respond to of 116555

Buffett told reporters before Berkshire Hathaway Inc.'s annual shareholder meeting in Omaha, Nebraska that he has boosted his foreign currency holdings by ``more than a little bit.'' He wasn't more specific. So is this a vote on Buffet's part that he expects that the EU will not be able to restructure their economy properly and continue in its deflationary trend? Because a higher Euro HARDLY seems helpful to the profits of EU corporations. And the Euro chart appears WAY overbought: futures.tradingcharts.com As does Gold: futures.tradingcharts.com While the Dollar index appears WAY oversold: futures.tradingcharts.com Of all the major currencies, the Yen appears to have the best upside potential: futures.tradingcharts.com I wonder if Buffett was making these comments in order to increase pressure against the Dollar so he could re-enter his dollar positions? If not, it would seem that maybe he should have thought twice before making such a play against the Dollar.. Hawk