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Strategies & Market Trends : The Stock Market Bubble

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To: BubbaFred who wrote (1691)	9/20/1998 8:40:00 PM
From: BubbaFred	Read Replies (1) of 3339

Good news still abound for stocks to respond positively, good for INDU 8500 or S&P 1080, which definitely means no immediate urgency to cut the Fed Funds rate. I am looking for continuing 950-1050 trading channel for another three to five weeks, and enough to frustrate both bulls and bears. Look at some of the news this weekend. All smokescreens, just to delay the inevitable for a few more weeks. Deflation Not Yet A Concern For U.S. Policymakers dailynews.yahoo.com. U.S., Europe GDP to grow despite Asia, Japan-IfW biz.yahoo.com WALL ST WEEK AHEAD/Matinee Monday, then back to business. Shaughnessy pointed to China as another key. According to data released last week by the Xinhua news agency, China remains on track to achieve its goal of 8.0 percent gross domestic product (GDP) growth in 1998. If accurate, the forecast would ease worries of a devaluation in China, something analysts say would spark a new round of turmoil in a region still reeling from last year's currency assault. biz.yahoo.com S.Korea's economy needs tonic shots -analysts biz.yahoo.com WEEKAHEAD-LatAm stocks hope for Brazil calm biz.yahoo.com Latin America may imperil U.S. corporate profits biz.yahoo.com IPO VIEW-eBay will test choppy market waters biz.yahoo.com

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