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

To: donald sew who wrote (30788)	10/8/1998 8:11:00 AM
From: Andeveron	Respond to of 94695

>> US$ was trading at 135-140 YEN for a long time, now trading under 120. << The dollar dropped another 9.5 yen overnight. Would not be surprised if it drops another 5-10 yen during the course of today. Gold, yen and German marks will be snapped up...

To: donald sew who wrote (30788)	10/8/1998 8:31:00 AM
From: Philipp	Respond to of 94695

Hi Don: Those dreaming that the FED will cut rates by a point - well lets just say they are dreaming. I hear little discussion of the huge drop in the US DOLLAR. US$ was trading at 135-140 YEN for a long time, now trading under 120. I fully agree. With the dollar crashing, a big cut in interest rates becomes less likely than an increase, that is unless the stock market crashes. However, I think that we are on crash alert again, and if there is a big one, the Fed will be forced to cut rates immediately, though I doubt that they will be as aggressive as they were in 1987. Regards, Phil