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Re: mlsoft post# 206554

Wednesday, 02/18/2004 2:55:28 PM

Wednesday, February 18, 2004 2:55:28 PM

Post# of 704019
mlsoft,

you wrote:

In edit, I would add that for the Gambit to succeed on a longer term basis, it is not enough for Greenspan and the Fed to keep the markets at current levels -- instead they must continue to push them ever higher. With the markets already at historically absurd valuations, that is going to be an extremely difficult task for them to manage.

well, as someone who agrees with you in general, i'll just add my observation here: i get the impression that a "target" was reached sometime in late summer, and that since then, the moves in the market have been correlated inversely to moves in the us$. why exactly, i dunno. but that's what it looks like ... even down to a day-to-day basis (like today, for example).
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