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Strategies & Market Trends : Three Amigos Stock Thread
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To: James Strauss who wrote (8443)9/7/1998 11:25:00 AM
From: Amigo Mike  Read Replies (1) of 29382
 
Hi Jim,

Had to throw my .02 in too.

I think AG will hint around at a decrease in interest rates and stand pat. The economy is still buzzing along ...... just now beginning to slip a little. But it is slipping from an overheated condition (IMO) and is slipping back to a more normal economy.

Americans are now spending more than they make ...... ZERO savings being put away. It will be healthy to STOP this pattern and begin spending less. Of course this will lower corporate profits .... albeit just lower the rate of growth on earnings. THe markets tend to be ahead of the curve by several months ..... so IMO this could be the largest reason for the correction. I expect to see less consumer spending & confidence sometime after the first of the year.

Amigo Mike
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