A rally such as we've witnessed in the past week needs a correction. The market shall be healthier in the new year because of it.

Japan needs a weak yen. We have argued that case for months, and finally it is proving of merit.

This report highlights the current gap in federal oversight that is a major problem and needs immediate correction, ... Enron's deceptions were shocking, and equally shocking was the extent to which respected U.S. financial institutions like (J.P. Morgan) Chase, Citigroup, and Merrill Lynch helped Enron carry out its deceptions and mislead investors and analysts about the company's finances.

Europe now finds itself in that terribly uncomfortable position that no matter what the monetary authorities do regarding interest rates, it shall be detrimental to the currency.

The yen continues to weaken, as it should, given the continued weak economic data coming from Tokyo.

The October panic is hitting more than the world's equity markets; it is hitting the currency markets, too.