Zeev's Turnips Patch-No Politics (ZEEV)

[fibo]

10 years ago 1£ stering was $2.00.
I think we are heading that way again,now 1£=$1.57 up 15 cents in 5 weeks.
Over here most expect 1£=$1.75,but I think within a year we could touch 1£=2$ and Gold could touch $400(it should have a blast off soon)

So this is the point- most overseas investors are not going to go crazy buying US stocks right now as their investments will be shrinking day by day with the falling Dollar.

%30 of trading and investments in US stocks is done by foreighners,this is not having a pleasant affect on the US market.

Additionally we in Europe view US stocks as a lot more pricey than our own.

cranium