I'm thinking within 3 years (that's how long it was into Mr. Reagan's 2nd term with his deficit policy).
You're right that Euros won't be immune, but the question is which will be stronger? The dollar, the Euro, the Kroner, The Yen, the Swiss Franc? I think the dollar will be weaker and I think between then and now the dollar will drop. If I'm wrong, I'm hedged with my long positions, but if I'm right, I'm hedged against my long positions and well positioned to buy cheap. On Tue, 09 Nov 2004 16:11:54 -0500, Won Lee <[EMAIL PROTECTED]> wrote: > Gruss Gott wrote: > >>Won wrote: > >>What correction? Correction of the dollar? > > > > We just came off a major correction. Granted, I am heavily invested in > the idea that there will not be a correction. My paycheck is tied into > the market. I've read reports that the SP500 is still 3% over-valued. > If we get a 3% correction, that is fine with me. But a 30% correction > in the major indexes? > > NOW CORRECTION > DJIA: 10386.81 7270.77 > NASD: 20433.33 14303.33 > SP500: 1164.08 814.8 > > That is the type of correction, 30%, that might happen in a year? If > that happens Euros won't be safe. Might as well canned beans and > astronaut food. > > -- > 2004 - The year $184M couldn't buy a pennant. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Special thanks to the CF Community Suite Gold Sponsor - CFHosting.net http://www.cfhosting.net Message: http://www.houseoffusion.com/lists.cfm/link=i:5:135048 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
