MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

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Nov 28 4:00 PM EST

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To: Berney who wrote (19974)	7/13/1999 11:46:00 AM
From: Haim R. Branisteanu	of 99985

Berney, based on my own little statistics we have inflation in the NE US of over 3%. I am in doubt that the government reports the true picture of inflation. Democrats need a booming stock market to stay in power. IMHO, US Bonds are now priced right for 3% inflation. UK reported this morning 2.2% inflation. IMHO Western Europe is harder pressed with the rise in energy prices and the slide of the Euro. In the US housing and services are advancing at a 5% to 6% pace. They will cool down only if the market corrects 10 to 20% and stays there. BWDIK Haim

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