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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.28-0.5%Dec 1 4:00 PM EST

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To: Crimson Ghost who wrote (48042)4/25/2000 2:46:00 PM
From: pater tenebrarum  Read Replies (1) of 99985
 
George, that sounds like a circular argument in the making...the Fed will NOT hike if the NAZ stays down, so we can buy the NAZ. thus it will go up, and they WILL hike rates, so we should sell it.

imo their rate hikes have very little to do with the level of the NAZ. that's wishful thinking. they have everything to do with the acceleration in inflation and the widening current account deficit however.

note that rate hikes by themselves are not relevant to a stock market bubble that expands by 20% annually. it's the printing press that keeps it supported anyway.
regards,

hb
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