Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ilaine who wrote (59829)	5/20/1999 9:40:00 PM
From: Tommaso	Read Replies (1) of 132070

AMG and Trim Tabs show outflows this week, which is an important (if perhaps very temporary) shift, given the ebullience of the last few months. Also, The Federal Reserve figures show firmness in the direction of restraint. Monetary aggregates on the order of 4% for M1, 5% or 6% for M2 and M3--versus 13% for the latter early this year. I don't know if you saw my earlier posts today about the acceleration in margin credit among brokerages reporting to the NYSE --in the last four months. Up 29% in those four months as opposed to a "normal" increase of about 7% in similar periods 92-97. All figures about breadth of the markets also show a morbid concentration in a few leaders. I haven't looked at A/D chart lines for the indices lately, but last time I did, it was a classic pre-bear pattern. Yet, as we must admit, nothing ever predicts changes or directions very accurately. As a whole, stocks have never been so overpriced in America. Although with our readily inflatable currency "overpriced" has truly entered a new era.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next