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FWIW ECB and UK have lowered rates in reponse to Fed move.
----- Original Message -----
From: "Daniel Goncharoff" <thegonch@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, September 19, 2001 3:06 PM
Subject: Re: [RT] DJIA & SPX Key Levels and Long Term Forecasts - NW
> If there is a move to non-US assets, it would be a mistake to look for
> direct offsetting investments in similar asset classes. In other words,
> you don't sell US equities and immediately buy European equities; you
> hold cash, probably in Eurocurrencies. Therefore European stock markets
> would not go up. Instead, I would look for a fall in the dollar as US
> assets are sold (and we are seeing that) and a drop in euro money market
> rates (I don't know if that is happening, but I note that the ECB has
> not lowered rates, perhaps feeling there is no need as cash comes in).
>
> Japan's problems are so great, I don't think you can expect a normal
> response there.
>
> Regards
> DanG
>
> Ralph Volpe wrote:
> >
> > There is something here that sounds a bit fishy. I don't know about the
European
> > markets but the Japanese market is worse shape than the American
markets. Also,
> > America's interests rates are still higher, which attracts funds from
around the
> > world. If any money is being siphoned off, it's to other investment
selections,
> > such as gold and gold stocks. Keep in mind that lowered interests rates
are a
> > negative for those who invest in CDs or bonds, which at some point
neutralizes
> > the fear of the market and becomes investment capital directed into the
> > securities markets. SLAWEKP's story below may be a situation of "selling
the
> > bottom" and then "buying the top" a few months later. It's hard to
assess world
> > money flow and investment directions. For example, if many investors
were
> > withdrawing funds from American markets to reinvest in their local ones,
then
> > why aren't those local markets going up? The truth is, anytime there's
been
> > world uncertainty it was always best to invest in American securities as
a means
> > of protecting assets. Am I missing something?
> >
> > --
> > Ralph => E-mail => rjv@xxxxxxxxxx
> >
> > SLAWEKP@xxxxxxx wrote:
> >
> > > Just talk to my European Uncle that even against my advise he put
money into
> > > America on advise of his European broker which he sold him same
story; new
> > > technology, new era, people making killing in USA
> > > your cash is trash. Now he uses words I cannot even translate in fear
of
> > > being kick out of this group. He lost on promisees of csco's, JNPR's
> > > & others. In addition to loses he lost 10% in currency exchange due to
$
> > > decline. He is selling everything in US & taking home what's left.
> > > Now multiply by millions of foreigners that have same situations.
They vote
> > > with their feet & money
> > >
> > > slawek
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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>
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