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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (21398)7/29/1999 12:29:00 PM
From: Eric Maggard  Read Replies (2) | Respond to of 99985
 
Fed will tighten rates, and that's good
Inflation is picking up, so Greenspan is right to act now

cbs.marketwatch.com

Buy the dips, or as my boss put it "Buy from the dips." <G>

As Garzarelli says, The stock market, at this point, based on interest rates, is 30 percent overvalued. However, relative to the inflation model, it's still undervalued by about 30 percent.

So get out there and buy. Inflation will stay low.<G>

Eric



To: Yogizuna who wrote (21398)7/29/1999 2:32:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 99985
 
Dollar trading is at the heart of any big moves, our CreemSpam
never talks about it but he full well knows it.
$ down almost .75% today again about 5% from the 16th.
So add that to the correction.
Jim


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