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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (82678)8/4/2000 1:04:33 PM
From: Nadine Carroll  Read Replies (1) of 132070
 
There an article in the latest Economist which notes the connection between the money supply and the current market outlook

"Bulls, Bears and Greenspan"

economist.com

I particularly liked this quote:

"Goldman’s Ms Cohen reckons that “since April, individual share-price performance has been mainly driven by fundamental factors, such as earnings momentum and relative valuation, rather than prior share-price momentum.” (Absolute valuation—a quaint, old-fashioned idea—is yet to stage a comeback, apparently.) "
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