Joan, welcome to our modest abode, and I am doing great. Any year I can catch the three bottoms of a market and get "fully loaded" there, and get out of the markets at the two major tops between them, is a real good year (g). As for savings, a good 50% of treasuries are citizens' savings (and corporate saving), and of course, the roughly $2 trillion (or is it already $3 trillion? but some of it s already counted in total US debt)) in MZM surely is not peanuts. I am not saying however that there are no "tensions" in the markets (like some $16- 17 Trillions of total debt, from memory so check this one out), but that does not change the fact that the way saving rates are calculated are false, IMHO, and that Abelson is not exactly the right person to re;y on for numbers or market direction...(g).
Zeev |
