MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.53

-0.8%

Feb 3 4:00 PM EST

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To: pater tenebrarum who wrote (23192)	8/17/1999 11:52:00 AM
From: Fun-da-Mental#1	Read Replies (2) of 99985

contrarian ramblings... As the holder of a Japan mutual fund I can tell you Japanese stocks are still making new highs in dollar terms. I hate precious metals because supply and demand doesn't mean production and consumption, it means dumping and hoarding, so price movements are news-driven and hard to predict in advance. People think oil is the same but it's not - consumption is outrunning production and even if OPEC turns on the taps they won't be able to catch up for some time. Also what's all this about the CPI being low without counting energy? Rising energy costs are for real. JMVVHO Fun-da-Mental

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