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Saturday, 11/27/2004 1:05:25 AM

Saturday, November 27, 2004 1:05:25 AM

Post# of 147537
OT: US Debt the Weaking Dollar and an economic slowdown could spell trouble for the markets

I'm seriously considering converting 25 % of my Equity investments into cash.

BR, Altaire4

Saturday, Nov. 27, 2004

Stocks Decline in Late Afternoon Trading
 
NEW YORK (AP) - The weakening dollar and climbing oil prices
raised investors' concerns about an economic slowdown Tuesday,
pushing stocks modestly lower. Technology shares were pressured by
an analyst downgrade of Intel Corp.

With the euro reaching $1.3090 against the dollar, a new record
high for the European currency, Wall Street worried about a falloff
in foreign investment and more expensive imports that could curtail
consumer spending.

Crude oil futures hovered near the $50 per barrel mark amid
persistent worries about low heating oil inventories ahead of
what's projected to be a chilly winter. Light, sweet crude for
January delivery raced to $50.25 before falling back to $48.94, an
increase of 30 cents, on the New York Mercantile Exchange. Nymex
futures last closed above $50 a barrel on Nov. 3.

``Oil is obviously pressuring the market, the euro is at a
record high, so the dollar is reacting to that as well to general
concerns about the deficits,'' said Janna Sampson, director of
portfolio management for Oakbrook Investments. ``I think those are
the two things really pressuring the market today.''

"The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn." ~ Alvin Toffler

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