Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: PaulM who wrote (31702)	4/13/1999 7:57:00 PM
From: goldsnow	Respond to of 117012

Kosovo briefly catches forex mart eye-US analysts By Svea Herbst-Bayliss NEW YORK, April 13 (Reuters) - A new Serb offensive in the Balkan crisis caught the currency market's eye on Tuesday but U.S. analysts said the conflict was not packing enough punch to push Europe's already ailing single currency to new lows. ''We see some scenarios where the euro would be seriously damaged by certain events in Kosovo. But today's incursion is not one of them,'' said Henry Willmore, senior economist at Barclays Capital, as the euro nervously bounced down and up. Currency traders had wasted no time to sell euros for dollars when Serb soldiers advanced into neighboring Albania, where hundreds of thousands of ethnic Albanians are camped after fleeing Serb attacks in southern Yugoslavia. Arguing this may be viewed as a provocation which could prompt NATO to dispatch ground troops, something which would hurt the 11-nation euro zone because of its proximity to the Balkans, traders pushed the euro to a $1.0746 session low. But the euro revived just as quickly, erasing nearly all of the morning's Kosovo-related losses as news services said Serb troops had left Albanian territory after several hours of heavy fighting. To analysts, the euro's relative resilience to Kosovo illustrates day traders' willingness to react instantaneously to good and bad news and then move on, as well as investors' reluctance to clear out longer-term positions. ''It is really remarkable how carelessly the market treats some of this news,'' a senior dealer, who asked to remain anonymous, said. ''I attribute this to a general lack of education and interest among these kids who are trading.'' ''They are simply unable to put it all in context and they treat warnings like the one from Boris Yeltsin about a possible world war on Friday like it is car production data,'' he added. Longer-term investors, on the other hand, appear to be basing euro investment decisions more on the region's economic fundamentals rather than NATO's briefings about targets hit in Yugoslavia. While acknowledging that Kosovo has not stimulated investment in Europe, Paribas analyst Robert Lynch stressed, ''the euro has not made a new low in the past two weeks at a time when fighting in the Balkans has actually intensified.'' ''It is a negative but I am not quite sure that it is the huge negative newswires and nightly news shows would have you believe, at least in terms of the euro,'' Lynch added. As long as NATO sticks to air strikes, even as the allies are criticized for missing targets and accidentally hitting passenger trains and villages, analysts expect euro/dollar to remain rangebound between $1.07 and $1.09. If NATO were to send in ground troops, most analysts expect to see short-term flight to safety, with the dollar and the Swiss franc splitting the prize. Some traders even expressed concern about the dollar's ability to attract attention. ''If there were a real war, I would not put my money in the dollar, I would put it in Swiss francs and nothing else,'' a trader said. Only a ''horribly messy outcome to this conflict,'' one where Yugoslav President Slobodan Milosevic were to hold on to Kosovo and push a steady stream of refugees into western nations, might lead to more durable euro losses, Willmore said. Even though Switzerland is closer to the actual fighting, dealers reason that the nation's studied neutrality often makes its assets more popular in times of crisis. The financial burden of caring for refugees may further dent Europe's already sluggish growth, analysts agreed, saying that then the Kosovo conflict would add more weight to what is already the euro's biggest problem -- differing growth scenarios between Europe and the United States. biz.yahoo.com

To: PaulM who wrote (31702)	4/13/1999 8:08:00 PM
From: goldsnow	Respond to of 117012

Intersting stat.. biz.yahoo.com

To: PaulM who wrote (31702)	4/13/1999 9:19:00 PM
From: Bobby Yellin	Read Replies (3) \| Respond to of 117012

The American businessman was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellow fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them. The Mexican replied only a little while. The American then asked why didn't he stay out longer and catch more fish? The Mexican said he had enough to support his family's immediate needs. The American then asked, but what do you do with the rest of your time? The Mexican fisherman said, "I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos, I have a full and busy life, senor." The American scoffed, "I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds buy a bigger boat with the proceeds from the bigger boat you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually NYC where you will run your expanding enterprise." The Mexican fisherman asked, "But senor, how long will this all take?" To which the American replied, "15-20 years." "But what then, senor?" The American laughed and said that's the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions. "Millions, senor? Then what?" The American said, "Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos." Goldsnow replied: In internet era he would establish fishing IPO tuna.com in 1 year..:) than retire..:)