To: Lucretius who wrote (3530 ) 2/18/1999 12:28:00 PM From: IngotWeTrust Read Replies (1) | Respond to of 81987
Hey, LT... LOOKIE what I found To: Lucretius Taurus (3527 ) From: Ron Reece Thursday, Feb 18 1999 11:05AM ET Reply # of 3531 Great! You mention a trend but forget to explain WHY the dollar declined. It declined INVERSE to the yen because of the degree of carry trades based on Yen being funneled into dollar denominated issues, or the dollar itself. When those carry trades broke the Yen rallied and the dollar suffered. But you also failed to explain why the dollar rebounded so quickly and the Yen slid. The dollar was artificially strenghthened by that cheap capital borrowed from the BOJ. It is now at a equilibrium tha the Fed is trying to maintain through the printing of money. Should they cease, the dollar will strengthen, the stock market bubble will expand based upon that strength, and US goods will be priced out of the market. The dollar is being artificially weakened in order to maintain global price stability in currency exchange. Regards, Ron COMPARE THAT NOTE TO THIS ONE: To: Dave B (15725 ) From: Don Green Wednesday, Feb 17 1999 11:50PM ET Reply # of 15775 >Supply and demand That is something I totally agree on.. But even more important is overall market conditions.. That is what I trade on, not hype or vodoo, etc... P/E is STILL very important to those who hold the keys to the kingdom..Liquidity is even more important these days..and Rambus fails in both areas.... That is the main reason so many top investment houses have avoided Rambus in my opinion. They CAN see the long-term potential for the stock, but they also see the timeline...and at the present time they can not justify the P/E.. Time is on their side regards DonWhadda ya think<grin> I knew it was too good 2B true that Don Green wasn't writing umpty times a day on GPM thread in months... Old pests just can't change their m.o. can they?