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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (43077)	8/18/1999 10:28:00 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

GZ, even that local inflation in the US is around 3.5% and 5% in NYC that is not the reason AG is rising interest rates, as the spread is positive (e.g. fed Funds are above the real inflation) his main reason is to defend the dollar which strength will keep inflation relatively low and also to have ammunition to save the stock market. He has done so successfully in 1987 and several times thereafter as recent as last October. There for I agree with you that AG interest rates hike are not related to the reported inflation. BWDIK Haim

To: GROUND ZERO™ who wrote (43077)	8/19/1999 6:14:00 AM
From: Gary105	Read Replies (2) \| Respond to of 94695

GZ, your thoughts on the market which right now is bounded by 200 d MA on downside and 50 d MA on upside - very narrow range. I think within a matter of a couple of weeks, maybe less it either breaks out or breaks down (chart very similar to last year). On the plus side earnings should be very helpful. On the minus side, the market is very rich, A/D stinks, and lack of insider buying of large caps, and Sept, October are traditionally not good. Re. fed, its measure of success a year from now will be if it is able to master a soft landing of the US economy in light of growing global economy. Most do not understand that its moves today are not a reaction to recent price data but a proaction to a heating global economy over the next year - it needs to slow, but not stall the US economy to prevent inflation. It will only stop its rate rises if they threaten the global recovery or when they have achieved their slowing effect on the US economy. Its measure of success will be if we do not see inflation growth over the next year. Interested in your thoughts on the market. Gary