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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%4:00 PM EST

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To: Zeev Hed who wrote (43383)3/17/2000 8:57:00 AM
From: Haim R. Branisteanu  Read Replies (1) of 99985
 
Zeev, the tulip mania will continue as long as there is full employment and the dollar stays strong.

Higher oil prices is like a tax. I am not sure for how long the BLS will misreport the CPI and PPI but I think the real world - e.g much higher inflation than reported will put a damper on equities.

Interesting to note the BLS reported energy prices rose a mere 4.6%. Now it is important to compare apples to apples.

On a $26.88 oil price basis for January this results in a $1.26 or $28.1 a barrel. It seems that the BLS really wants to under report inflation numbers.

Accordint to this independent site average oil prices for February were $29.37 so the actual rise in February was 9.2% double as reported.

oilworld.com

Further in January rise in energy prices were omitted all thogether

BWDIK
Haim
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