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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 692.76+0.5%4:00 PM EST

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To: Tom Pulley who wrote (83937)9/11/2003 3:13:21 PM
From: Crimson Ghost  Read Replies (1) of 99985
 
I have been looking at the BANK CREDIT ANALYST site.
They are considered one of the better forecasting outfits.

They remain bullish on stocks because of the incredibly easy Fed policy. They say that things like gross overvaluation and heavy insider selling do not matter much as long as the liquidity torrents continue to flow.

My take is that this can continue only as long as bond yields remain low (bond yields are still low despite the big jump). Bond yields simply have not risen enough to prick the bubble -- YET.
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