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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (4962)	9/9/2000 9:56:32 AM
From: Logain Ablar	Read Replies (1) of 30051

Zeev: On of my subscriptions is to the Hayes Advisory Newsletter. While he is bearish / defensive he is also practical. He points out as long as the Treasury keeps money supply growing greater than GDP the stock market will stay healthy (my words / impression). Anyway for the past 6 to 8 weeks the money supply growth is back over 6% while earlier in the year it had gone down to the 2 –3% range. Here is one of the FED publications. stls.frb.org I’d expect the market to rally next week as long as the pump continues to be primed. The NAZ was over bought by the end of August. While September is normally a bad market month (statistically) the presidential election year is not part of the pattern. I’ve read (no confirmation) that in only 2 of the last 15 elections has it been a bad month. Volker’s tightening in 80 was the last. Greenspan was loosening when Clinton beat Bush. If you follow the link you can see why I rely on Hayes’s newsletter for money supply. Its Greek to me. Tim

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