MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: TWICK who wrote (1177)	11/2/1999 4:38:00 PM
From: pater tenebrarum	Read Replies (1) of 19219

TWICK, it appears that some economist at J.P. Morgan called for another three rate hikes within the next six months...he sees the Fed funds peaking at 6%. the market didn't like hearing that. it doesn't sit well with stock valuations discounting the hereafter.... regards, hb PS: i think he's wrong btw. - the Fed doesn't raise rates in an election year...never has, never will. the current Fed is also the most prolific credit creator since the Fed of the roaring 20's. the bubble which A.G. isn't sure exists is a direct result of the rampant money supply growth of the past decade. i don't see that changing anytime soon...the beast needs to be fed. every dollar in GDP requires 5 dollars of credit. the printathon is almost certain to continue unabated.

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