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Adam Hardy wrote
>
> OK I guess I may be overstating the differences with the Euro - but I find
> I have problems relying on anything I have doubts about. I can't prove that
> the market's going to be different, and sure, traders are going to be the
> same and the components of the Dow get changed often.
>
> Do you guys really feel totally at ease about just substituting the DM with
> the Euro for all these European instruments?
I think you misworded this statement. What will happen is, the Euro will
take the place of the DM, and the other member nation currencies. I
don't think anyone is sure how this will shake out. If I had to guess,
it would have something to do with how well the central banks of the
member nations have cleaned up their own fiscal mess. And personally,
since it appears that many of the nations sold gold to clean up the
balance sheet (which is kind of a short term cheat) my guess is that
there will be some bumps in the road for the Euro.
Remember, the BP and Swiss Franc will not convert to the Euro.
Kevin
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