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


To: Chip McVickar who wrote (1403)3/16/1999 10:36:00 AM
From: Paul Berliner  Read Replies (3) | Respond to of 3536
 
Anyone care to speculate as to what Armstrong expects to be the catalyst for his grim 'Ides of March' thesis?
I can only fathom that it would be either an extremely sharp, rapid backup in rates or the devaluation of the Yuan.

Of course, he leaves himself an escape route,(as all the cunning doomsayers do), with 'Only if the market is making new highs into April can we avoid collapse.'