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: P.Prazeres who wrote (11799)	12/17/1997 8:46:00 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 94695

<< ...a lower dollar will help multinationals. >> Multinationals have overseas business operations. They report profits in US dollars, so the profits they make overseas are worth less (in US$) when they dollar is weak. This lowers the profits that show up in the income statement and EPS. The late sell-off in the Dow this afternoon is being blamed on this. 'Course, they gotta blame it on SOMETHING. BWDIK.

To: P.Prazeres who wrote (11799)	12/18/1997 8:29:00 AM
From: James F. Hopkins	Respond to of 94695

P; re>a lower dollar will help multinationals.< Thats not exactly true, don't belive the spam you hear on TV..many of these mutinationals have large holdings in dollars..the sneak attack by Japan just wiped out a lot value in thoes holdings..(of the ones caught by suprise) it's a lot more complicated than I have time to explain..but what happend was wrong..and will hurt the US..and our stocks, big moves in the Dollar really shake things up, and you can bet the Japanese timed it in a way to pay bills, and buy bonds..the dollar is tied more directly to the bond market, than to stocks, but after the bond market moves it comes home to effect stock prices..were a gradual decline lets the multinationls adjust this unmidagated type of attack is timed to cause them to lose money on currency exchanges.. any way I wrote enough about this in the last sevearl days..was the first to see it happening..( 24hrs before it got on TV ).. and I knew who was selling the dollar by the way other currencies moved..don't think short or in a one track way about money..the dollar lost on all fronts..accros the board. Since..the French have sold pounds and bought some of our cheap dollars, along with some EU.. Since I started following currency trades and back tracking them I'v become very disturbed whith what I have found..and also realize how little I really knew prior to that..that puts me in a not so hot mood, so if you don't do a study on it before you try to one up me with such a shallow almost one line parroting of the dumb news comentators. ------------------------ This morn London, Frankfut , Paris..( GE down .06% ) BP just starting a small move down, INTL DOWN ( 1.6% ) ; MSFT DOWN ( 3.23% ) IBM DOWN (2.42 %) this don't mean they will fall on our market but as a leading indicator it is over 70% accurate..one needs to look at our close yesterday, and convert the cuurencies to find out if it really is I don't have time to do that and post it.. Tip of the day DANKY will bounce get in early..she is the big up mover in London..over 6% so far. If you bought EWJ the yesterday at sell, on the open. Jim PS Japans ethics SUCK.