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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: stockycd who wrote (1705)5/4/2000 9:15:00 AM
From: James F. Hopkins  Read Replies (1) of 2103
 
There sure is something odd with the Dollar/Stock divergence
and the dollar shorts are getting killed.
charts.quotewatch.com
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Normally the market makes highs along with the dollar..
and all major stock corrections in the past put in a bottom
on a weak dollar..so I have a problem calling April a major
correction ( or a bottom ) as the dollar never really fell.
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I can't understand the stock market working so hard to try
and get back up with the dollar so high..
I personally think GreenSpan is full of shit with his
rate increases..it's going to have a long term effect
of making money to expensive for start ups.
Less compition..giving pricing power to the big boys
which has more to do with inflation than wages or
full employment. The old turds' mind is in the ice age..
but every one is so tickled with him there is nothing to
do.
They give him all the credit for what the American worker
created..and created in spite of his screw ups..
Jim
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