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

To: Sam who wrote (1507)	5/13/1999 10:30:00 AM
From: Henry Volquardsen	Respond to of 3536

Sam, I didn't have a numerical value in mind when I said deep. I was thinking of a correction that would be severe enough to change US market psychology. I have no idea what that would take but it would probably need to be more than just a market number and would need to include a reversal in several economic stats, possibly rising inflation and/or unemployment. I agree that the world markets need us, at least for now, much more than we need them. That is why my gut feeling is that we will not get a severe correction in the US. If nothing else, the Japanese and European central banks will act to contain any dollar weakness in order to protect their economic competitiveness. Henry