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Strategies & Market Trends : The New Economy and its Winners
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To: Bill Harmond who wrote (6793)5/4/2001 3:52:10 AM
From: 16yearcycle  Read Replies (3) of 57684
 
well, it shows the fed is opening the taps, at about the same rate as in the first January spurt. But nowhere near the rate of m2 growth. m2 is soaring at an incredible rate and has been for a year. It's very foolish imo, to look at m2. This market is totally in synch with the adjusted base growth rate and has been for about 15 years. The market has crashed while m2 is flying, but while the adjusted base has been contracting. Follow what you want but check the historical numbers. m2 doesn't jive at all with the market.
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