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Non-Tech : Invest / LTD
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To: Peter V who wrote (2704)9/9/1998 1:05:00 PM
From: Lucretius  Read Replies (3) of 14427
 
I hope everyone understands what is going on here on a macro level. We're seeing a pattern develope that I have been waiting for: Japan cut interest rates last night... again. Yet there economy is going nowhere and all it did was pull the Yen down (their stock mkt is NEAR a bottom but the economy has farther to go). The problem that all these central bankers seem to forget is that you can't stimulate demand in a deflationary enviroment thru interest rate cuts. The Japanese have trillions in savings accounts but they are unwilling to spend. That is the problem, not lack of capital for expansion which is typical in an infaltionary cycle. The US will cut rates after we crash (Mon thru Wed of next week) and the stock mkt will get a huge bear rally but our currency will drop making gold rise. Europe will cut rates sometime later and people will flee from the D-Mark back to the dollar and the Yen a few to gold, then we cut rates again they flee back to the Yen and the Pound and D-Mark a few go to gold, Europe cuts rates again, this time something changes and more go to gold cause they are fed up w/ jumping back and forth but a few still go to dollars.... and so. This is what I see as the L-T process. Finally, the majority will be in gold and out of currencies and it will be time to sell.

So, my answer to your question is: just buy it. Price changes here at the bottom are irrelevant and unpredictable in the S-T. Did present day DELL holders care when DELL fell from $2.00 to $1.80??? I SERIOUSLY doubt it.

-Lucretius
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