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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (6798)7/15/1999 11:10:00 PM
From: Hawkmoon  Read Replies (1) of 81164
 
ARE WE ABOUT TO MAKE ANOTHER RUN UP THE FLAG POLE???

I would lay odds that we are. Since the CPI data was benign the markets perceive that there is smooth sailing ahead.

So I expect the Dow and SP500 to retrace, but probably not like last years correction/crash (yet..:). However, the RUT is another question since there is still a lot of value in that index.

These recent stats may give a green light to take the RUT, RUI, RUA up even higher in order to make up some lost ground.

But I expect that by mid to late August we'll have been through or will be close to a 20%+ correction.

Regards,

Ron
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