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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (376)	6/7/1998 11:19:00 PM
From: porcupine --''''>	Read Replies (2) \| Respond to of 1722

Forbes: Stocks too risky; Forbes: Stocks not risky. [Whatever happens, Forbes's marketing department will be in a position to say: "You would have known it if you had read Forbes." -- RR] forbes.com forbes.com

To: porcupine --''''> who wrote (376)	6/11/1998 5:14:00 PM
From: porcupine --''''>	Respond to of 1722

Dollar hits close to 8-yr high at 144.35 yen in U.S. NEW YORK, June 11 (Reuters) - The dollar hit close to an eight-year high at 144.35 yen in late New York trading on Thursday, extending its recent strong gains as fears of central bank intervention appeared to fade. Dollar/yen reached the 144.35 level shortly before U.S. trading closed for the day, its highest level since it hit 144.20 yen in September 1990 Having successfully jumped past the psychologically key 140 yen level at the beginning of the week, the dollar raced ahead further as Treasury Secretary Robert Rubin stressed that Japan's weak economic growth was a primary cause for the yen's drop. Testifying to a Senate committee, Rubin appeared to rule out the possibility of concerted foreign exchange intervention to support the yen and helped send the Japanese currency tumbling, traders said.