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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (220)	9/27/1998 2:37:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 2794

When we are talking about the DOW 10,000 mark, are we takeing into account that it's an average, and not an index? With all the share buybacks that have been going on, a Dow 10,000 is well within a short jump. Personally, I still stand on my prediction of 6300 made in Feb-April. Although I way off now on the timing now. As we speak, some bullish guy on TV suggests that the CDN indexes are undervalued by 20%, and the US by 10%... What is controlling these averages/indexs is a fear. {Fear of paper As Morgy_Dog suggest} But is that ligitament? If the Collaspe of paper was to occur, where could you hide. Many speculate a run to GOLD, but what happenes if the USD is the chose of the preferred currencies. {happened before} Than gold may actually fall. If the other world currencies where to drop relative the US dollar, than the physical demand for gold would be tamp by a selling off of gold by CB, and foreign accounts. But don't get me wrong, GOLD has a value. And the value will shine when the true economics are reflected in the world. As an example: about two days ago, someone on the GPM mentioned that the ships leaving Seattle are on average 4/5 emptied. Well 3 of those ships come to BC Canada to fill up, before going back to Asia. USA has never been a great exporter. Gold will shine when the USD reacts to the trade imbalances. But, that doesn't mean the dow will fall. #reply-5851330