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Non-Tech : The Critical Investing Workshop

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To: Jim Willie CB who wrote (26278)7/23/2000 1:25:34 AM
From: Morris Catt  Read Replies (1) of 35685
 
Jim Willie,

Here's a super URL for tracking money supply direct from the Horse's mouth:

stls.frb.org

Scroll down below the graph and you'll find a table showing compound annual rates. This comes from the St Louis Fed and is updated weekly. Note the "grand" acceleration starting in Sept'99 and then abruptly decreasing starting in mid-Jan Y2K. Decline stopped in mid April and now seems to be about neutral. There is maybe a 3 - 6 month lag effect before Fed changes take effect and I say the article Mullineaux posted is thought provoking although IMO a little too negative at least so far. Danger of a further correction is high but I think hinges heavily upon near future Fed interest rate decisions.

By watching this chart and TA charts were great tools for me to tread lightly starting in January and to lighten up.

If you have any comments on this chart please post 'em.

Mac
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