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Strategies & Market Trends : Waiting for the big Kahuna

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To: JPN who wrote (21050)6/28/1998 10:38:00 AM
From: Bonnie Bear  Read Replies (1) of 94695
 
Don't know if you read Dr Yardeni's web site yardeni.com
He has an economic forecast here that looks like financial Armageddon strikes next year. I got really scared and depressed after looking at it. The feds/banks are planning to drop interest rates to 4% to prop up the stock market, but it looks like y2K will be the convenient excuse to close the doors of large corporations and put its workers on the street. He recommends that small investors stick with bonds, and shows that utility stocks are already priced for 4% interest rates. Somewhere at this site I picked up that this is forecast for an entire decade where the lowly bond outperforms stocks. Do recommend everybody spend some time here, Dr Ed's track record is outstanding.
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