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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (3274)2/20/2001 8:57:26 PM
From: Hawkmoon  Read Replies (1) of 33421
 
Y'know... for some time now, I've been unwilling to give this scenario too much credence.

But with profits declining, yet energy prices remaining high across the board (oil, NG, and electricity in CA), and the US Dollar hovering on breaking 109 support (and a potential fifth wave down), I'm getting a bit concerned about... dare I say it...? Say if can't be true?.... Could it be???

Stagflation?

In such a scenario, I'm big on energy and gold.

Regards,

Ron
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