Reply #20: Interesting bit here:

[JNelson6563]

``The bottom line is it's going to take action to turn the dollar's fortunes around,'' said Callum Henderson, global head of foreign exchange in Singapore at Standard Chartered Plc. ``The ECB isn't ready to intervene and it appears we haven't hit the trigger that would cause the BOJ to act on the yen.''

One may have concluded that quote with "It seems those in charge of the other major currencies are content to sit back and watch America scramble."

I have long foreseen the classic pincer move applied economically as something we should be very expectant of. Funny to see all the cheerleaders declaring 05 will be a fabulous year. The signs are pointing in another direction.

Happy New Year Marketeers, may all of you find yourself on safe, high ground this coming year!

:hi: Julie