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Politics : Stockman Scott's Political Debate Porch

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To: mt_mike who wrote (3660)8/1/2002 11:50:38 AM
From: Jim Willie CB  Read Replies (1) of 89467
 
dollar fell off the table, but plenty room to the floor
quotes.ino.com

gold still acting strangely, now at #304
after touching #298

Mikey, if you ask me, I would have to say ...
THEY PAINTED THE TAPE FOR THE END OF JULY
those last 7 trading days generated a short cover rally
the Fed PPTeam surely participated
that helped monthly statements from looking dreadful
instead they just look downright pissy
July S&P minus 8%

so as soon as the fresh virginlike August arrives
Dow minus 200

the USdollar is now facing a freighttrain running downhill in the 50dayMA
the 50MA is now 108.3
the dollar reached 107.9 today
now it careened back to 107 flat
that 50MA is an ominous overhead slam bearing down

USGovt statistics again distorted all of 2000
we slowed, rather than grew slightly
and 2001 saw three straight negative GDP's
USG statrats are employed to cheerlead and distort
not to report accurately

I want still to hear justification for using a 15x multiplier on InfoTech spending for productivity calculations
I didnt learn that one in grad school
/ jim phd
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