Threadsters, Well, well, well, so what have today is market that has had its wings clipped due to a vapor rate rise by the Fed via Journal. I find this all so amusing. Now tell me, how are we going to have higher long-term rates when the fed will be issuing less paper? Less borrowing by the fed equal's an increases in dollar value, which means lower rates. Has anybody been watching the news? Our beloved government is about to run a surplus. Today's drop, IMO, is more a reaction to a market that is short term overvalued. I'm voting for a 8% to 10% drop in the Dow, that should put the fear back in the market, we need that wall of worry to climb, so we can reach 10,000 by 1st qr. 1999. SO use this drop to add, that's what I'm going to do.
Greg |
