L3; Actually the world market in general is not doing bad at all,
I track all the WEBS as a measure, it's ASIA that's getting creamed,
and even with them down the average gain to all the webs totaled
since DEC 10th is 6.18% , that's counting some big loses in ASIA.
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In the same time frame
While our market is up 13.85% ..we are by no means the leader.
Italy is +39.08%
France is +35.55%
Belgiun +35.07%
Spain +34.73%
Germany +33.33%
Swiss +22.01%
Austria +22.23%
Sweden +20.72%
Nhrlnd +22.53%
We do beat the UK it's only up 10.59%
and Canada only up 4.63%
But there are a lot +s in world indexes,
many of them beating us by a large margin.
So as much as the market looks high to me,
I'm not ready to panic yet. If the interest rates
go up past 6% ( really 5.75% now )..I'll be worried,
or if crude oil pops up real fast.
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Man we are going to have a hot summer, at least down south,
ACs will be maxed out, the Electric Utilities should get a pop.
Yesterday was the first day in my life that I can remember ,
smelling raw heat. I never knew it could have such a smell, I went
out side and it smelled like an oven cooking..I guess the foliage and
grass and such were baking so much it put off a strong odor. We haven't had any rain in so long that I also expect serious water
shortages in our area by mid summer.
Jim
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