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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Haim R. Branisteanu who wrote (55341)6/26/2000 4:09:00 PM
From: pater tenebrarum  Read Replies (2) of 99985
 
Haim, in any case it seems to me that these stocks are pricing in a sharp slowdown in the economy at these prices - a slowdown that has yet to materialize. money supply growth has re-accelerated once more, with M3 increasing by roughly 460 bn. dollars over the past nine months, which was topped off by the fastest one-week increase this year over the past week. it's hard to see anything slowing down there...i would ignore all govt. stats that say slowdown - they're obviously designed to keep the Fed at bay due to the election.

regards,

hb
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