Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (56147)	11/5/2001 12:44:05 PM
From: Skeet Shipman	Read Replies (1) of 94695

"It's going to get worse in the foreseeable future," says Lakshman Achuthan, managing director at the Economic Cycle Research Institute in New York. He notes that the stock market and the recent expansion of the money supply -- thanks to aggressive Federal Reserve rate cuts -- are the only significant early indicators of a turnaround. Other data -- from the number of workers making initial claims for unemployment insurance to the yields on risky bonds relative to those of safe Treasurys -- suggest a much deeper decline, he says.... I'm not taking any new positions till I get a sell signal, or some individual stock entry points.

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