Dwight:
A few months ago, my work indicated a DJIA of 6,250+ before June. I think it is a distinct possibility: however, a test of 6,950 is a real probability in the next 45-55 days. The PPI may surprise, tomorrow, giving added weight to any downward momentum.
Japan is where we were in 1981, waiting for a "Reagan" tax-cut, and the effect of financial- market freedom to take hold... Europe is where we were in 1990, beginning the process of restructuring industrially to the advantage of stockowners and workers through expansion of productivity and employment, but accompanied by declining real wages.
After the significant decline in most world bourses, with the exception of Japan and others that are already depressed, there should be ample opportunity in both Japan and European stock markets (especially, markets tied together in the EC.)
Yours, T.V.H. |
