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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (50822)5/2/2002 11:48:27 AM
From: Jim Willie CB  Read Replies (2) of 65232
 
big caps will follow the dollar, which is leading now
the only mystery is that the media hasnt figured that out yet
in two days away from work, CNBC reported only 5 minutes on gold and currency
they interviewed Toqueville Gold Fund manager Hathaway
he was low key, right on the mark
he could have said so much more, but chose not to

my main point, Volt, is that the dollar is the main thrust now
I dont believe Greenspasm will raise rates here
if he raises rates, he kills the stock market, which hurts the dollar, which will open the door to imported inflation via massive trade debt
interesting, raise rates and open door to inflation

he is in a box

how does psychology stage down in a long bear market?
I think long bears see resting points for deteriorating sentiment
/ jim
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