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Strategies & Market Trends : Canadian Market Direction

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To: hsg who wrote (9)	6/4/1997 8:43:00 AM
From: Jan Johnstone	of 35

hsg, Turns out a the slim Liberal majority was treated with indifference by the markets. Looks like the TSE is back following the Dow. We're getting close to all time highs again, might breakthrough this week. Fridays US Employment report and the upcoming inflation numbers will decide whether we're really at the top of this Bull market. I agree with you, I don't see obvious signs of inflation. Hard to believe that we can get steady growth without inflation. Blows away all economic assumptions developed in the last 25 years. Schizophrenic earnings will cause a lot of volatility in the next few weeks. Jan

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