To: gregor who wrote (1898 ) 6/13/1999 5:37:00 PM From: Mike McFarland Respond to of 4916
However as, the world economies begin to cool toward the end of the year we shall see a rapid rise in the bond market taking us to new lows of 4.5% by the end of spring 2000. Wow. I'm going to hold you to that{:-)} I am never sure of anything, but for at least a few months, I think US rates will be headed upward, the dollar will be heading down...the yen and the Nikkei up...the American markets down. Precious metals are oversold--I finally looked into the chart at stockcharts.com --in a week or so I'll check gold again to be sure it made a convincing bottom, and report back. You may have bad data on that CO2 thing--the long term trend of co2 concentrations is steadily up. There is an annual cycle that might have thrown you off, but there is no reason to beleive that humanity is sending less co2 into the atmosphere, or that the envioronment has suddenly adjusted and is sucking it up better than before. I suppose some year to year variations in net sea surface temperature anomaly could put a tiny blip on that co2 concentration curve (La Nina>cool>slightly more co2 might be dissolved into the ocean) but I am confidant that you are wrong about your co2 idea. If only for the fact that China is burning so much more fossil fuel each year and laying concrete faster than any place in the world. Yikes. Anyway--that's a quick run down of my forecasts. fyi I've mentioned before that mostly I'm in microcap US biotech stocks, and a person would probably want to avoid the health sector alltogether in a rising interest rate/falling US market environment, but think I should do okay just by stockpicking--news items pending on half my stocks within a few months. Hope I do okay, not that I have a lot of money at stake, basically one years income, peanuts in the scheme of things. In twenty years I will need to make the correct choices, I've plenty of time to figure out how to play this game.