Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (11759)	12/16/1997 11:39:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

TO ALL; the YEN JUMED up TODAY, YOU CAN BUY EWJ on the open, in the morning and then watch the YEN..Japan SOLD dollars..Yen up aginst the dollar strong for a one day move. Yen was 126.49..to the dollar..last I looked, if it don't drop to were you can get 128 yen for a buck EWJ will move up in respect to it.. The move was from 130.95 or 4.45 yen or a 3.5% move on the part of the yen up or dollar down.. more the dollar down if you look at the other currencies, that's how I know the Dollar was sold...as it mostly fell aginst them all, Japan will pay bills tomorrow on the new exchange rate, and US creditors will get jiped out of 3.5%..she may buy more bonds with the cheaper dollars also..look for 30 y bond to go up.. intrest rates down..causeing americans to move to stocks , but the stock bubble may not last if dollar keeps falling. This is two days in a row.. Jim I'll add this some dummies think a weak dollar helps us, as our stuff is more attrctive, but that is a two edged knife..and the edge that cuts us is far worse than the one that helps us, we inport far more than we sell..not just in trade..it makes oil cost us more too. and it pumps hot air into stock prices..that will run back out before much longer. Later as the dollar rebounds some and while the stocks are still high They will unwind positions they have in our stocks..taking the higher value dollar dollar back out of the stocks..then dump the bonds also for the stonger dollar, dumping the bonds will drop their price and will cause the effective interest to GO up..and the americans will move from stocks to bonds which dumps the price of stocks, Does any one here watch the volume on bonds when the dollar comes under attack ? last I looked today was about 3pm and already over 300,000,000 thats a lot of money.. in the trillions most of them really bought at a discount via a slight of hand. Buy EWJ on the open, if YEN is 128 or less, ( in this respect the less the yen is the more it's worth,) Yesterday you could have got 130.95 yen for a dollar, while late today you only get 126.49 EWJ closed today at 10-1/4..if your fast you may get it that cheap, ,it should move to 10-1/2 fairly fast. Jim