John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (1862)	5/31/2000 2:17:00 PM
From: John Pitera	Read Replies (2) of 33421

The USD index is getting close to it's most recent uptrend line and it's 50 DMA at 108.50 geocities.com the dollar is still in it's bull mkt until it tells us other wise. Great comments from the Bundesbank President today -----02:15 ET 30-year: +6/32..6.078%....$-¾: 107.26....Euro-$: 0.9308 Writing in today?s FT the Bundesbank president Welteke chastised the markets for their "herd mentality", a factor which is "reinforced by the fear of risking bonus payments". Welteke is of course totally right. Markets always *overshoot and generally will ignore good news in a bear trend and bad news in a bull trend. This is perennial and is probably the biggest fault of a free flowing market driven* world we live in. Ultimately fundamentals will come to play or as Welteke says "the powerful correcting forces unleashed by unexploited profit opportunities will, in due course,** lead to an elimination of such excesses". The question is - when ?----

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next