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Post# of 704041
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hightecheast

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hightecheast

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Re: Smart_Money post# 106604

Monday, 05/12/2003 5:03:50 AM

Monday, May 12, 2003 5:03:50 AM

Post# of 704041
June DX at 94.39 -.77 at this point this morning ... the dollar is declining much too fast ... if it does not slow down in its descent, financial markets will slump big-time and big banks (read J P Morgan and Citibank) are going to have serious problems because of huge derivative exposure. The dollar may need to eventually get as low as 80.00 but not as quickly as it has been moving in that direction. My opinion: we are in a dangerous spot right now.

Ken Wilson
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