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


To: Jon Tara who wrote (33851)11/20/1999 11:06:00 AM
From: Lee Lichterman III  Read Replies (2) | Respond to of 99985
 
I have been mulling Y2K for a long time and in the light of the recent emphasis on rate hikes I have come to the conclusion that Y2K is a no win situation. There are clear signs that inflationary pressure is growing despite how the CNBC bulls are spinning things ( by the way, great and funny post Jacob).

If Y2K is real, then of course there will be total chaos disruptingthe market. if Y2K is a non-event, AG will take one look at a NASDAQ that has climbed 51% this year and hike rates so fast it will make bulls wake up to reality. The fed has made it clear that their job is not to regulate the market BUT that the market is fueling the inflationary pressures in the country. Therefore they ARE actually targeting the market. Post Y2K if it proves to be a non event, they will start drying up the liquidity they were providing the last few months, raise rates possibly a full point and stop the repos that have fed the market every morning the last few weeks.

In the mean time, trade the short term swings and have fun. <g>

Good Luck,

Lee