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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (1239)4/24/2000 9:26:00 AM
From: Chip McVickar  Read Replies (3) of 33421
 
John,

The individual in the Nasdaq piece is certainly correct in much of what he has written, and there is no serious threat to the over all markets health. The perceived threat of inflation is still in its' nascent stages and the prospect of an over heated economy remains mostly dormant. Look at the Advance/Decline figures. Today's conditions could continue for an indefinite period and mirror the demographics of the industrial world in growth. I hope Greenspan gets his soft landing and avoids draining the whole bath tub.
(New Yorker Article on Greenspan - Apr 24th)

What appears important for sustaining this expansion in technological and in the telecommunications world is not just earnings, but the requirement to expand into world markets. Those who are positioned to help open up the less modernized areas of the world (suppliers and builders) may do the best over the long haul.

Secondly, how the world perceives the US expansion and the relative safety of our markets. The analogies to Japan's market decline in the 80's..., remains a concern for many; but there aren't many real similarities between the two market conditions. But to gauge this world wide sentiment, I've been keying on the dollar as an important indicator. I think you agree that it remains strong.

Chip
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