Thursday, February 05, 2004

Yahoo! Groups : IndependentResearchPhils Messages : Message 217 of 217

The Peso at P56:$1. It can still get worse. The first and second quarters are usually down months in the stock market. Imagine all the dollars that can be siphoned off if foreign hot money returns to the US in the coming months. I found a 22% correlation between the performance of the peso and net foreign transactions in the stock market.


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