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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (20958)6/25/1998 8:59:00 AM
From: Haim R. Branisteanu  Read Replies (3) of 94695
 
Bill, today action will indicate if we are going to reverse. It seems to me that the China visit was a great climax for brokers to unload a lot of inventory.

SI indicator is overly bullish and VIX is below 20. FED Rivlin indicated monday that the economy is overheated and the recent GDP proves that. GM strike is misleading unemployment numbers and bullish sentiment ignores fundamentals.

SE Asia is in worst shape than previously believed and inflation is not dead but starting to move slowly up as indicated by the CRB especially grains.

Next week should be interesting.

From all I know may be the US is flush with liquidity but the other half of the world is sinking deeper in recession and cash squize.

BWDIK

Haim
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