Hi John; I find the Economics that come out of Princeton
informative enough to read, but caution one to take them with
a grain of salt. While they get things better than half right,
they often go to extremes. I also find numerous mistakes.
RE > Basis the S&P 500, the last week of November has produced a very strong rally that has stopped just shy of a perfect double top with July 20th.
this may be considered a small mistake, or one
of omission, but the rally they are talking of is not all that
high, as all things are relative in a global economy, and
a dollar index will show you right fast we have not come close
to a double top. They are collage boys & I would expect better
from them.
Another one is re While the European markets have crashed far greater than the US market in October, now that's pure horse
shit.
quote.yahoo.com
European markets have eaten our lunch ever since NOV 97,
and except for the UK & Switzerland who are about tit for tat
with us, the rest have flat out beaten the U.S. market..
while we may think this last rally is good if we look at
a chart and don't compare it with the drop in the value
of the dollar, how could people at Princeton over look
such a basic fact. I thought they were supposed to be
sharp,, but then not long ago I found out it was Princeton
who the Japanese primarily looked to for their economics,
indeed most of the problems Japan has had are the results
of ideas, models and advice they got from Princeton.
--------------
don't have a big collage degree of any kind but if I had one
from Princeton I sure wouldn't tell any one about.
My degree is from FFM, ( Fulton's Fish Market ) , and handicapping
at race tracks. <G>
And BTW tracking the WEBs gives you a dollar adjusted idea of
what's going on, Since OCT both Japan and Hong Kong
Have rallied stronger than we have
quote.yahoo.com
Had you bought either web when GreenSpam, cut rates the last
time, you would be about 10% better off dollar wise than had
you bought the S&P.
Jim
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