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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (66495)	10/19/1999 3:53:00 PM
From: Bryan	Read Replies (1) \| Respond to of 90042

I'm not so sure. Cyclicals have been getting the crap kicked out of them. If you were to start averaging in on DPH, then maybe a good long-term accumulate. Again, like financials, I don't look at the automotive industry as a short-term play. In addition, I'm bearish on the outlook for consumers. With inflation surfacing on the producer level and not the consumer level, it tells me that we just are not buying enough goods and services. ALSO, Being the pessimist that I am, I fear that consumers are way over-extended with things like credit, mortgages, etc., and that this situation could grow exponentially as interest rates tick up, consequently laying the groundwork for the next recession. It makes me think that if this IS the case, then the current cyclical valuations are justified. Doesn't make me happy, but I'm looking for some answers. Seems to me there is some funky stuff going on in the markets and it ain't because of AG or Y2K. Martian Conspiracies welcome..... bk