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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (903)10/16/1998 9:20:00 AM
From: Enigma  Read Replies (1) | Respond to of 3536
 
Not short stocks? A lot of smelly business around just now, and many sober second thoughts about yesterday's actions. Shorts could have a field day? Especially banks, etc. Short gold, however, could be another matter. Talk of major collusion is rife - mostly one tempers this with feeling that paranoia is at work - but Fed could be scared to death about lid coming off gold. especially if stories about Chinese and Japanese buying prove out. E



To: Gersh Avery who wrote (903)10/16/1998 9:37:00 AM
From: Robert Douglas  Read Replies (2) | Respond to of 3536
 
Gersh,

While I am not ready to say that new highs are imminent, I do believe that it was Mr. Greenspan's pronouncement that inflation was more a worry than recession that started the stock market on its slide. Now that he has reversed his opinion, is it possible that we will retrace the decline?

-Robert