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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: American Spirit who wrote (76867)5/14/2001 12:54:39 AM
From: Dave  Read Replies (1) of 99985
 
I believe Greenspan will continue .50 cuts.

Not for too much longer. He may continue his trend with this year's fifth 0.50% cut on Tuesday, but if unabated, that trend would result in a 0.00% interest rate by the end of the year. Is that really what you guys want? Do you want Japanese-style negative interest rates by next year, with the inflationary nightmare that would attend it?

If so, you should be out buying gold rather than tech equities. I recommend BGEIX, which tries to mirror the XAU.X index, and NEM, which has a low hedge position.

Dave
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