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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (19763)	11/7/2001 1:49:53 AM
From: velociraptor_	Read Replies (2) of 209892

The rise in MZM has been revised several times. It now stands at nearly 200 billion in liquidity injections. Makes you wonder if they kept this information at bay and gradually let it out in "revisions". Obviously there is something seriously wrong when the FED has to inject nearly 200 billion into the market and the governement also cancels the 30 year long bond to force additional money into the market. Now we have a Fed interest rate of 2% after TEN rate cuts and where do we stand? Corporate profits are plummeting and are expected to continue to drop over the next few quarters. S&P 500 P/E now stands to close the year at 42 and that's only if the 4th quarter remains constant with the 3rd. 4th quarter earnings are expected to drop another 20% which should bring the index P/E to near 50 if the index remains at these levels.....a historical record that far exceeds any other and don't forget that this is on Pro Forma "earnings". Unemployment is accelerating up. Consumer numbers, NAPM, etc are all diving. No way in hell this is a new Bull. I stand FIRM on that.

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