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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (2912)12/6/2003 6:14:19 AM
From: ChrisJP  Read Replies (1) of 110194
 
Dr. Marc Faber Sell US equities, buy the US dollar!

This was kind of a weird article, wasn't it.

Most of the arguments he gave -- which centered around the government flooding the system with liquidity in a backdrop of increasing commodity prices .....

I dunno -- if you ask me that suggests we should sell stocks, bonds, AND the dollar.

Until deficits spending is corrected, they only market plays I see at this point are commodities and companies that will prosper from trading with China --- or companies based in China.

Of course most Americans simply re-allocate saving to stock mutual funds -- this helps support the market -- until the big money starts selling.

I'm watching the averages vs. their 20 dEMA and 50 dEMA. The NASDAQ looks VERY toppy here.

siliconinvestor.com

siliconinvestor.com

January usually sees some big inflows, so the markets could still go higher for 1 - 2 more months. But after that ...

Chris
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