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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (1054)	4/14/2000 4:40:00 PM
From: Chip McVickar	Read Replies (4) \| Respond to of 33421

John, Did Greenspan just make a mistake...! Removing this magic liquidity from all these expanding newly formed companies, will take some time to repair and to regain their footing, plus the confidence of investors. The internets and new age tech companies will be dropping like flies under the swatter of no new money. Also companies that were adding employees will be less likely to do that. The expansion is now on permanent holiday pattern. Greenspan has attempted to adjust a cycle and has under estimated the volatility of these markets. He may have killed the Goose for a good long time to come. I believe there is a good chance of a crash right now and we will see 1400 on the Nasdaq - 1175 on the SPX - 8250 0n the DOW What's more he may still get his modest punch up in inflation. I'll guess he still will raise the rates one more time..! The commodity charts over the last few weeks have been pretty much falling or flat due to various presures. Only over the last few days have the Grains and livestock started to head up. Plus the metals and the bonds have been acting deflationary. So inflation is not yet a serious factor except in peoples "Heads?" Greenspan is getting just what he wanted after pumping money into the economy over the last few years to save the monetary system and keep Japan from tanking, which it probably will now. Unfortunately he may get a continued crash as people and professional buyers sell the new peaks. This also increases the opportunity for G.W. Bush if you'd like to see a republican controlled Government. I have not been a bear for many YEARS, may have to reconsider. I'll be looking for any signs that this may indeed be the case. Some kind of day and week. Chip